Trane Technologies (TT) 10-K8 Feb 242023 FY Annual reportFinancial data

Company Profile

Cover

Cover - USD ($) $ in Billions	12 Months Ended
Cover - USD ($) $ in Billions	Dec. 31, 2023	Feb. 02, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	001-34400
Entity Registrant Name	TRANE TECHNOLOGIES PLC
Entity Incorporation, State or Country Code	L2
Entity Tax Identification Number	98-0626632
Entity Address, Address Line One	170/175 Lakeview Dr.
Entity Address, Address Line Two	Airside Business Park
Entity Address, City or Town	Swords Co. Dublin
Entity Address, Country	IE
Entity Address, Postal Zip Code	00000
Country Region	353
City Area Code	0
Local Phone Number	18707400
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 43.6
Entity Common Stock, Shares Outstanding		227,072,224
Documents Incorporated by Reference	Portions of the registrant’s proxy statement to be filed within 120 days of the close of the registrant’s fiscal year in connection with the registrant’s Annual General Meeting of Shareholders to be held June 6, 2024 are incorporated by reference into Part II and Part III of this Form 10-K.
Entity Central Index Key	0001466258
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
ICFR Auditor Attestation Flag	true
Document Information [Line Items]
Document Financial Statement Error Correction [Flag]	false
Ordinary shares [Member]
Cover [Abstract]
Title of 12(b) Security	Ordinary Shares, Par Value $1.00 per Share
Trading Symbol	TT
Security Exchange Name	NYSE
Document Information [Line Items]
Title of 12(b) Security	Ordinary Shares, Par Value $1.00 per Share
Trading Symbol	TT
Security Exchange Name	NYSE
Five point Twenty-Five Percent Senior Notes Due Two Thousand Thirty Three
Cover [Abstract]
Title of 12(b) Security	5.250% Senior Notes due 2033
Trading Symbol	TT33
Security Exchange Name	NYSE
Document Information [Line Items]
Title of 12(b) Security	5.250% Senior Notes due 2033
Trading Symbol	TT33
Security Exchange Name	NYSE

Audit Information

Audit Information - USD ($) $ in Millions			12 Months Ended
Audit Information - USD ($) $ in Millions	Nov. 02, 2023	Oct. 15, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Audit Information [Abstract]
Auditor Name			PricewaterhouseCoopers LLP
Auditor Location			Charlotte, North Carolina
Auditor Firm ID			238
Net revenues			$ 17,677.6	$ 15,991.7	$ 14,136.4
Payments to Acquire Businesses, Net of Cash Acquired			862.8	234.7	$ 269.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 140.7	$ 330	$ 102.1
Business Combination, Price of Acquisition, Expected	$ 442.9	$ 349.9

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) $ in Millions	12 Months Ended
Consolidated Statements of Earnings - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net earnings
Net revenues	$ 17,677.6	$ 15,991.7	$ 14,136.4
Selling and administrative expenses	(2,963.2)	(2,545.9)	(2,446.3)
Operating income (loss)	2,894	2,418.9	2,023.3
Interest expense	(234.5)	(223.5)	(233.7)
Other, net	(92.2)	(23.3)	1.1
Earnings (loss) before income taxes	2,567.3	2,172.1	1,790.7
Benefit (provision) for income taxes	(498.4)	(375.9)	(333.5)
Earnings (loss) from continuing operations	2,068.9	1,796.2	1,457.2
Discontinued operations, net of tax	(27.2)	(21.5)	(20.6)
Net earnings	2,041.7	1,774.7	1,436.6
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest	(17.8)	(18.2)	(13.2)
Net earnings (loss) attributable to Trane Technologies plc	2,023.9	1,756.5	1,423.4
Amounts attributable to Trane Technologies plc ordinary shareholders:
Continuing operations	2,051.1	1,778	1,444
Discontinued operations	(27.2)	(21.5)	(20.6)
Net earnings (loss) attributable to Trane Technologies plc	$ 2,023.9	$ 1,756.5	$ 1,423.4
Basic:
Continuing operations	$ 8.97	$ 7.65	$ 6.05
Discontinued operations	(0.12)	(0.10)	(0.09)
Net earnings	8.85	7.55	5.96
Diluted:
Continuing operations	8.89	7.57	5.96
Discontinued operations	(0.12)	(0.09)	(0.09)
Net earnings	$ 8.77	$ 7.48	$ 5.87
Product
Net earnings
Net revenues	$ 11,975.4	$ 10,930.8	$ 9,498.8
Cost of Goods and Services Sold	(8,414.2)	(7,935.2)	(6,843.1)
Service
Net earnings
Net revenues	5,702.2	5,060.9	4,637.6
Cost of Goods and Services Sold	$ (3,406.2)	$ (3,091.7)	$ (2,823.7)

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net earnings	$ 2,041.7	$ 1,774.7	$ 1,436.6
Currency translation	72.5	(202.7)	(122.7)
Derivative instruments, gain (loss) recognized in Other comprehensive income (loss), effective portion, net	(4.4)	(24.3)	1.6
Cash flow hedges and marketable securities net gains (losses) reclassified into earnings	13.5	10.2	(6.4)
Cash flow hedges and marketable securities tax (expense) benefit	(1.6)	2.5	1.1
Total cash flow hedges and marketable securities net of tax	7.5	(11.6)	(3.7)
Pension and OPEB adjustments prior service gains (costs) for the period	0	3.3	(0.3)
Pension and OPEB adjustments net actuarial gains (losses) for the period	16.8	54.2	111.4
Pension and OPEB adjustments amortization reclassified to earnings	(7.4)	(21.6)	(38.6)
Pension and OPEB adjustments settlements and curtailments reclassified to earnings	1.4	15	8
Pension and OPEB adjustments currency translation and other	(3.7)	12.7	5.2
Pension and OPEB adjustments tax (expense) benefit	(6.2)	(16.1)	(43.7)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	(15.7)	(84.1)	(119.8)
Other comprehensive income (loss), net of tax	95.7	(130.2)	(6.6)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	2,137.4	1,644.5	1,430
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	18.1	16.6	12.7
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 2,119.3	$ 1,627.9	$ 1,417.3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 1,095.3	$ 1,220.5
Accounts and notes receivable, net	2,956.8	2,780.1
Inventories	2,152.1	1,993.8
Other current assets	665.7	384.8
Total current assets	6,869.9	6,379.2
Property, plant and equipment, net	1,772.2	1,536.1
Goodwill	6,095.3	5,503.7
Intangible Assets, Net (Excluding Goodwill)	3,439.8	3,264
Other noncurrent assets	1,214.7	1,398.6
Total assets	19,391.9	18,081.6
LIABILITIES AND EQUITY
Accounts payable	2,025.2	2,091.6
Accrued compensation and benefits	591.7	541.2
Accrued expenses and other current liabilities	2,634.7	2,006
Short-term borrowings and current maturities of long-term debt	801.9	1,048
Total current liabilities	6,053.5	5,686.8
Long-term debt	3,977.9	3,788.3
Postemployment and other benefit liabilities	596.9	667
Deferred and noncurrent income taxes	703.7	680.1
Other noncurrent liabilities	1,042.9	1,154.2
Total liabilities	$ 12,374.9	$ 11,976.4
Ordinary shares, par value, in dollars or euros per share, as stated	$ 1	$ 1
Ordinary shares issued	251,673,874	253,328,263
Treasury Stock, Common, Shares	24,500,713	24,500,868
Treasury Stock, Value	$ (1,719.4)	$ (1,719.4)
Equity:
Trane Technologies plc shareholders' equity Ordinary shares, $1 par value	251.7	253.3
Retained earnings	9,133.7	8,320.9
Accumulated other comprehensive income (loss)	(670.8)	(766.2)
Total Trane Technologies plc shareholders' equity	6,995.2	6,088.6
Noncontrolling interest	21.8	16.6
Total equity	7,017	6,105.2
Total liabilities and equity	$ 19,391.9	$ 18,081.6

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Ordinary shares issued	251,673,874	253,328,263
Ordinary shares, par value, in dollars or euros per share, as stated	$ 1	$ 1
Treasury Stock, Common, Shares	24,500,713	24,500,868

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) shares in Millions, $ in Millions	Total	Ordinary shares [Member]	Capital in excess of par value [Member]	Retained earnings [Member]	Accumulated other comprehensive income (loss) [Member]	Noncontrolling interest [Member]	Treasury Stock, Common
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury Stock, Value							$ (1,719.4)
Beginning balance, value at Dec. 31, 2020	$ 6,427.1	$ 263.3	$ 0	$ 8,495.3	$ (631.5)	$ 19.4
Beginning balance, shares at Dec. 31, 2020		263.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	1,436.6	$ 0	0	1,423.4	0	13.2
Other comprehensive income (loss), net of tax	(6.6)	0	0	0	(6.1)	(0.5)
Shares issued under incentive stock plans, value	78.3	$ 2.3	76	0	0	0
Shares issued under incentive stock plans, shares		2.3
Repurchase of ordinary shares	(1,100.3)	$ (5.9)	(142.5)	(951.9)	0	0
Repurchase of ordinary shares		(5.9)
Repurchase of ordinary shares	(1,100.3)						0
Share-based compensation	63.6	$ 0	66.4	(2.8)	0	0
Dividends to noncontrolling interests	$ (14.9)					(14.9)
Common Stock, Dividends, Per Share, Declared	$ 2.36
Cash dividends, declared	$ (561.8)	0		(561.8)	0	0
Stockholders' Equity Note, Spinoff Transaction	(49)	0	0	49	0	0
Other	0.1	0	0.1	0	0	0
Ending balance, value at Dec. 31, 2021	6,273.1	$ 259.7	0	8,353.2	(637.6)	17.2
Ending balance, shares at Dec. 31, 2021		259.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury Stock, Value							(1,719.4)
Net earnings	1,774.7	$ 0	0	1,756.5	0	18.2
Other comprehensive income (loss), net of tax	(130.2)	0	0	0	(128.6)	(1.6)
Shares issued under incentive stock plans, value	2.6	$ 1.1	1.5	0	0	0
Shares issued under incentive stock plans, shares		1.1
Repurchase of ordinary shares	(1,200.2)	$ (7.5)	(45.4)	(1,147.3)	0	0
Repurchase of ordinary shares		(7.5)
Repurchase of ordinary shares	(1,200.2)						0
Share-based compensation	54.3	$ 0	56.2	(1.9)	0	0
Dividends to noncontrolling interests	$ (14.5)	0	0	0	0	(14.5)
Common Stock, Dividends, Per Share, Declared	$ 2.68
Cash dividends, declared	$ (620.7)	0	0	(620.7)	0	0
Stockholders' Equity Note, Spinoff Transaction	(18.9)			(18.9)	0	0
Other	0.1		0.1	0
Ending balance, value at Dec. 31, 2022	$ 6,105.2	$ 253.3	0	8,320.9	(766.2)	16.6
Ending balance, shares at Dec. 31, 2022	253.3	253.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	$ (15.1)		(12.4)			(2.7)
Treasury Stock, Value	(1,719.4)						$ (1,719.4)
Net earnings	2,041.7	$ 0	0	2,023.9	0	17.8
Other comprehensive income (loss), net of tax	95.7	0	0	0	95.4	0.3
Shares issued under incentive stock plans, value	79.3	$ 1.7	77.6	0	0	0
Shares issued under incentive stock plans, shares		1.7
Repurchase of ordinary shares	(669.3)	$ (3.3)	(142.1)	(523.9)	0	0
Repurchase of ordinary shares		(3.3)					0
Repurchase of ordinary shares	(669.3)						$ 0
Share-based compensation	61.6	$ 0	64.3	(2.7)	0	0
Dividends to noncontrolling interests	$ (12.9)	0	0	0	0	(12.9)
Common Stock, Dividends, Per Share, Declared	$ 3
Cash dividends, declared	$ (684.5)	0	0	(684.5)	0	0
Other	0.2	0	0.2	0	0	0
Ending balance, value at Dec. 31, 2023	$ 7,017	$ 251.7	$ 0	$ 9,133.7	$ (670.8)	$ 21.8
Ending balance, shares at Dec. 31, 2023	251.7	251.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury Stock, Value	$ (1,719.4)						$ (1,719.4)

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Common Stock, Dividends, Per Share, Declared	$ 3	$ 2.68	$ 2.36
Stockholders' Equity Note, Spinoff Transaction		$ (18.9)	$ (49)
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests		(15.1)
Cash dividends, declared	$ (684.5)	(620.7)	(561.8)
Total equity	7,017	6,105.2	6,273.1	$ 6,427.1
Net earnings	2,041.7	1,774.7	1,436.6
Other	0.2	0.1	0.1
Treasury Stock, Value	1,719.4	1,719.4
Share-based compensation	61.6	54.3	63.6
Other comprehensive income (loss), net of tax	95.7	(130.2)	(6.6)
Shares issued under incentive stock plans, value	79.3	2.6	78.3
Dividends to noncontrolling interests	(12.9)	(14.5)	(14.9)
Repurchase of ordinary shares	(669.3)	(1,200.2)	(1,100.3)
Repurchase of ordinary shares	$ (669.3)	$ (1,200.2)	(1,100.3)
Common Stock, Shares, Outstanding	251.7	253.3
Retained earnings [Member]
Stockholders' Equity Note, Spinoff Transaction		$ (18.9)	49
Cash dividends, declared	$ (684.5)	(620.7)	(561.8)
Total equity	9,133.7	8,320.9	8,353.2	8,495.3
Net earnings	2,023.9	1,756.5	1,423.4
Other	0	0	0
Share-based compensation	(2.7)	(1.9)	(2.8)
Other comprehensive income (loss), net of tax	0	0	0
Shares issued under incentive stock plans, value	0	0	0
Dividends to noncontrolling interests	0	0
Repurchase of ordinary shares	(523.9)	(1,147.3)	(951.9)
Accumulated other comprehensive income (loss) [Member]
Stockholders' Equity Note, Spinoff Transaction		0	0
Cash dividends, declared	0	0	0
Total equity	(670.8)	(766.2)	(637.6)	(631.5)
Net earnings	0	0	0
Other	0		0
Share-based compensation	0	0	0
Other comprehensive income (loss), net of tax	95.4	(128.6)	(6.1)
Shares issued under incentive stock plans, value	0	0	0
Dividends to noncontrolling interests	0	0
Repurchase of ordinary shares	0	0	0
Noncontrolling interest [Member]
Stockholders' Equity Note, Spinoff Transaction		0	0
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests		(2.7)
Cash dividends, declared	0	0	0
Total equity	21.8	16.6	17.2	19.4
Net earnings	17.8	18.2	13.2
Other	0		0
Share-based compensation	0	0	0
Other comprehensive income (loss), net of tax	0.3	(1.6)	(0.5)
Shares issued under incentive stock plans, value	0	0	0
Dividends to noncontrolling interests	(12.9)	(14.5)	(14.9)
Repurchase of ordinary shares	0	0	0
Capital in excess of par value [Member]
Stockholders' Equity Note, Spinoff Transaction			0
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests		(12.4)
Cash dividends, declared	0	0
Total equity	0	0	0	0
Net earnings	0	0	0
Other	0.2	0.1	0.1
Share-based compensation	64.3	56.2	66.4
Other comprehensive income (loss), net of tax	0	0	0
Shares issued under incentive stock plans, value	77.6	1.5	76
Dividends to noncontrolling interests	0	0
Repurchase of ordinary shares	(142.1)	(45.4)	(142.5)
Treasury Stock, Common
Treasury Stock, Value	$ 1,719.4	1,719.4	1,719.4	1,719.4
Repurchase of ordinary shares	0
Repurchase of ordinary shares	$ 0	0	0
Ordinary shares [Member]
Stockholders' Equity Note, Spinoff Transaction			0
Cash dividends, declared	0	0	0
Total equity	251.7	253.3	259.7	$ 263.3
Net earnings	0	0	0
Other	0		0
Share-based compensation	0	0	0
Other comprehensive income (loss), net of tax	0	0	0
Shares issued under incentive stock plans, value	$ 1.7	$ 1.1	$ 2.3
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	1.7	1.1	2.3
Dividends to noncontrolling interests	$ 0	$ 0
Repurchase of ordinary shares	$ (3.3)	$ (7.5)	$ (5.9)
Repurchase of ordinary shares	(3.3)	(7.5)	(5.9)
Common Stock, Shares, Outstanding	251.7	253.3	259.7	263.3

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net earnings	$ 2,041.7	$ 1,774.7	$ 1,436.6
Discontinued operations, net of tax	(27.2)	(21.5)	(20.6)
Adjustments to arrive at net cash provided by (used in) operating activities:
Depreciation and amortization	348.1	323.6	299.4
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash	51	55.6	50.8
Share-based Payment Arrangement, Noncash Expense	64.3	56.3	66.5
Other Operating Activities, Cash Flow Statement	(32.7)	17.1	(36.4)
Changes in other assets and liabilities
Accounts and notes receivable	(110.1)	(345.4)	(265.4)
Inventories	(96.4)	(466.7)	(348.8)
Other current and noncurrent assets	(152.3)	(116.8)	(153.8)
Accounts payable	(125.3)	317.9	275.3
Other current and noncurrent liabilities	411.3	60.9	249.6
Net cash (used in) provided by continuing operating activities	2,426.8	1,698.7	1,594.4
Net cash (used in) provided by discontinued operating activities	(37.2)	(194.7)	(6.1)
Net cash provided by (used in) operating activities	2,389.6	1,504	1,588.3
Cash flows from investing activities:
Capital expenditures	(300.7)	(291.8)	(223)
Acquisition of businesses, net of cash acquired	(862.8)	(234.7)	(269.2)
Proceeds from sale of property, plant and equipment	9.2	9.7	15.1
Payments for (Proceeds from) Other Investing Activities	(17.9)	(23)	(68.6)
Net cash (used in) provided by continuing investing activities	(1,172.2)	(539.8)	(545.7)
Net cash (used in) provided by discontinued investing activities	0	(0.6)	0
Net cash provided by (used in) investing activities	(1,172.2)	(540.4)	(545.7)
Cash flows from financing activities:
Other short-term borrowings (net)	(1.9)	0	0
Proceeds from long-term debt	699.2	0	0
Payments of long-term debt	(754.6)	(9.6)	(432.5)
Net proceeds (repayments) in debt	(57.3)	(9.6)	(432.5)
Debt issuance costs	(6.4)	(2.1)	(2.7)
Dividends paid to ordinary shareholders	(683.7)	(620.2)	(561.1)
Dividends paid to noncontrolling interests	(12.9)	(14.5)	(14.9)
Proceeds shares issued under incentive plans	79.3	2.6	78.3
Repurchase of ordinary shares	(669.3)	(1,200.2)	(1,100.3)
Settlement related to special cash payment	0	(6.2)	(49.5)
Other, net	0	(2)	(44.9)
Net Cash Provided by (Used in) Financing Activities	(1,350.3)	(1,852.2)	(2,127.6)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	(125.2)	(938.7)	(1,130.7)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	1,095.3	1,220.5	2,159.2
Cash and cash equivalents - beginning of period	1,220.5
Cash and cash equivalents - end of period	1,095.3	1,220.5
Effect of exchange rate changes on cash and cash equivalents	7.7	(50.1)	(45.7)
Cash paid during the year for:
Interest, net of amounts capitalized	217.4	218	234.9
Income taxes, net of refunds	$ 523.6	$ 321.3	$ 356.9

Description of Company

Description of Company	12 Months Ended
Description of Company	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Company	DESCRIPTION OF COMPANY Trane Technologies plc, a public limited company, incorporated in Ireland in 2009, and its consolidated subsidiaries (collectively we, our, the Company or Trane Technologies) is a global climate innovator. The Company brings sustainable and efficient solutions to buildings, homes and transportation through the Company's strategic brands, Trane ® and Thermo King ® , and its environmentally responsible portfolio of products, services and connected intelligent controls. The Company generates revenue and cash primarily through the design, manufacture, sales and service of solutions for Heating, Ventilation and Air Conditioning (HVAC), transport refrigeration, and custom refrigeration solutions. Reorganization of Aldrich and Murray On May 1, 2020, certain subsidiaries of the Company underwent an internal corporate restructuring that was effectuated through a series of transactions (2020 Corporate Restructuring). As a result, Aldrich Pump LLC (Aldrich) and Murray Boiler LLC (Murray), indirect wholly-owned subsidiaries of Trane Technologies plc, became solely responsible for the asbestos-related liabilities, and the beneficiaries of the asbestos-related insurance assets, of Trane Technologies Company LLC and Trane U.S. Inc, respectively. On a consolidated basis, the 2020 Corporate Restructuring did not have an impact on the Consolidated Financial Statements. In connection with the 2020 Corporate Restructuring, certain subsidiaries of the Company entered into funding agreements with Aldrich and Murray (collectively the Funding Agreements), pursuant to which those subsidiaries are obligated, among other things, to pay the costs and expenses of Aldrich and Murray during the pendency of the Chapter 11 cases to the extent distributions from their respective subsidiaries are insufficient to do so and to provide an amount for the funding for a trust established pursuant to section 524(g) of the Bankruptcy Code, to the extent that the other assets of Aldrich and Murray are insufficient to provide the requisite trust funding. On June 18, 2020 (Petition Date), Aldrich and Murray filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code (the Bankruptcy Code) in the United States Bankruptcy Court for the Western District of North Carolina (the Bankruptcy Court) to resolve equitably and permanently all current and future asbestos related claims in a manner beneficial to claimants, Aldrich and Murray. As a result of the Chapter 11 filings, all asbestos-related lawsuits against Aldrich and Murray have been stayed due to the imposition of a statutory automatic stay applicable in Chapter 11 bankruptcy cases. Only Aldrich and Murray have filed for Chapter 11 relief. Neither Aldrich's wholly-owned subsidiary, 200 Park, Inc. (200 Park), Murray's wholly-owned subsidiary, ClimateLabs LLC (ClimateLabs), Trane Technologies plc nor its other subsidiaries (the Trane Companies) are part of the Chapter 11 filings. The Trane Companies are expected to continue to operate as usual, with no disruption to their employees, suppliers, or customers globally. However, as of the Petition Date, Aldrich and its wholly-owned subsidiary 200 Park and Murray and its wholly-owned subsidiary ClimateLabs were deconsolidated and their respective assets and liabilities were derecognized from the Company's Consolidated Financial Statements. Refer to Note 20, "Commitments and Contingencies," for more information regarding the Chapter 11 bankruptcy and asbestos-related matters.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A summary of significant accounting policies used in the preparation of the accompanying Consolidated Financial Statements follows: Basis of Presentation: The accompanying Consolidated Financial Statements reflect the consolidated operations of the Company and have been prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) as defined by the Financial Accounting Standards Board (FASB) within the FASB Accounting Standards Codification (ASC). Intercompany accounts and transactions have been eliminated. The results of operations and cash flows of all discontinued operations have been separately reported as discontinued operations for all periods presented. The Consolidated Financial Statements include all majority-owned subsidiaries of the Company. A noncontrolling interest in a subsidiary is considered an ownership interest in a majority-owned subsidiary that is not attributable to the parent. The Company includes Noncontrolling interest as a component of Total equity in the Consolidated Balance Sheets and the Net earnings attributable to noncontrolling interests are presented as an adjustment from Net earnings used to arrive at Net earnings attributable to Trane Technologies plc in the Consolidated Statements of Earnings. Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period. Estimates are based on several factors including the facts and circumstances available at the time the estimates are made, historical experience, risk of loss, general economic conditions and trends, and the assessment of the probable future outcome. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the Consolidated Statements of Earnings in the period that they are determined. Currency Translation: Assets and liabilities of non-U.S. subsidiaries, where the functional currency is not the U.S. dollar, have been translated at year-end exchange rates, and income and expense accounts have been translated using average exchange rates throughout the year. Adjustments resulting from the process of translating an entity’s financial statements into the U.S. dollar have been recorded in the equity section of the Consolidated Balance Sheets within Accumulated other comprehensive income (loss) . Transactions that are denominated in a currency other than an entity’s functional currency are subject to changes in exchange rates with the resulting gains and losses recorded within Other income/(expense), net. Cash and Cash Equivalents: Cash and cash equivalents include cash on hand, demand deposits and all highly liquid investments with original maturities at the time of purchase of three months or less. The Company maintains amounts on deposit at various financial institutions, which may at times exceed federally insured limits. However, management periodically evaluates the credit-worthiness of those institutions and has not experienced any losses on such deposits. Allowance for Credit Losses : The Company maintains an allowance for credit losses which represents the best estimate of expected loss inherent in the Company's accounts receivable portfolio. This estimate is based upon a two-step policy that results in the total recorded allowance for credit losses. The first step is to record a portfolio reserve based on the aging of the outstanding accounts receivable portfolio and the Company's historical experience with the Company's end markets, customer base and products. The second step is to create a specific reserve for significant accounts as to which the customer's ability to satisfy their financial obligation to the Company is in doubt due to circumstances such as bankruptcy, deteriorating operating results or financial position. In these circumstances, management uses its judgment to record an allowance based on the best estimate of expected loss, factoring in such considerations as the market value of collateral, if applicable. Actual results could differ from those estimates. These estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the Consolidated Statements of Earnings in the period that they are determined. The Company's allowance for credit losses was $44.8 million and $43.7 million as of December 31, 2023 and 2022, respectively. Inventories: Depending on the business, U.S. inventories are stated at the lower of cost or market using the last-in, first-out (LIFO) method or the lower of cost and net realizable value (NRV) using the first-in, first-out (FIFO) method. Non-U.S. inventories are stated at the lower of cost and NRV using the FIFO method. At December 31, 2023 and 2022, approximatel y 59% and 58%, respectively, of all inventory utilized the LIFO method. Property, Plant and Equipment: Property, plant and equipment are stated at cost, less accumulated depreciation. Assets placed in service are recorded at cost and depreciated using the straight-line method over the estimated useful life of the asset except for leasehold improvements, which are depreciated over the shorter of their economic useful life or their lease term. The range of useful lives used to depreciate property, plant and equipment is as follows: Buildings 10 to 50 years Machinery and equipment 2 to 12 years Software 2 to 7 years Major expenditures for replacements and significant improvements that increase asset values and extend useful lives are also capitalized. Capitalized costs are amortized over their estimated useful lives using the straight-line method. Repairs and maintenance expenditures that do not extend the useful life of the asset are charged to expense as incurred. The carrying amounts of assets that are sold or retired and the related accumulated depreciation are removed from the accounts in the year of disposal, and any resulting gain or loss is reflected within current earnings. The Company assesses the recoverability of the carrying value of its property, plant and equipment whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. Recoverability is measured by a comparison of the carrying amount of the asset group to the future net undiscounted cash flows expected to be generated by the asset group. If the undiscounted cash flows are less than the carrying amount of the asset group, an impairment loss is recognized for the amount by which the carrying value of the asset group exceeds the fair value of the asset group. Goodwill and Intangible Assets: The Company records as goodwill the excess of the purchase price over the fair value of the net assets acquired in a business combination. Measurement period adjustments may be recorded once a final valuation has been performed. Goodwill and other indefinite-lived intangible assets are tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the asset is more likely than not less than the carrying amount of the asset. In addition, an interim impairment test is completed upon a triggering event or when there is a reorganization of reporting structure or disposal of all or a portion of a reporting unit. Impairment of goodwill is tested at the reporting unit level. The test compares the carrying amount of the reporting unit to its estimated fair value. If the estimated fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired. To the extent that the carrying value of the reporting unit exceeds its estimated fair value, an impairment loss would be recognized for the amount by which the reporting unit's carrying amount exceeds its fair value, not to exceed the carrying amount of goodwill in that reporting unit. Intangible assets such as customer-related intangible assets and other intangible assets with finite useful lives are amortized on a straight-line basis over their estimated economic lives. The weighted-average useful lives approximate the following: Customer relationships 15 years Other 8 years The Company assesses the recoverability of the carrying value of its intangible assets with finite useful lives whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. Recoverability is measured by a comparison of the carrying amount of an asset group to the future net undiscounted cash flows expected to be generated by the asset group. If the undiscounted cash flows are less than the carrying amount of the asset group, an impairment loss is recognized for the amount by which the carrying value of the asset group exceeds the fair value of the asset group. Business Combinations: Acquisitions that meet the definition of a business combination are recorded using the acquisition method of accounting. The Company includes the operating results of acquired entities from their respective dates of acquisition. The Company recognizes and measures the identifiable assets acquired, liabilities assumed, including contingent consideration relating to earnout provisions, and any non-controlling interest as of the acquisition date fair value. The excess, if any, of total consideration transferred in a business combination over the fair value of identifiable assets acquired, liabilities assumed and any non-controlling interest is recognized as goodwill. Costs incurred as a result of a business combination other than costs related to the issuance of debt or equity securities are recorded in the period the costs are incurred. Additionally, at each reporting period, contingent consideration is remeasured to fair value, with changes recorded in Selling and administrative expenses in the Consolidated Statements of Earnings. Equity Investments: Partially-owned equity affiliates generally represent 20-50% ownership interests in equity investments where the Company demonstrates significant influence, but does not have a controlling financial interest. Partially-owned equity affiliates are accounted for under the equity method. The Company invests in companies that complement existing products and services further enhancing its product portfolio. The Company records equity investments for which it does not have significant influence and without a readily determinable fair value at cost with adjustments for observable changes in price or impairment as permitted by the measurement alternative. Investments for which the measurement alternative has been elected are assessed for impairment upon a triggering event. Equity investments without a readily determinable fair value were $69.9 million and $121.0 million for the years ended December 31, 2023 and December 31, 2022, respectively. Employee Benefit Plans : The Company provides a range of benefits, including pensions, postretirement and postemployment benefits to eligible current and former employees. Determining the cost associated with such benefits is dependent on various actuarial assumptions, including discount rates, expected return on plan assets, compensation increases, mortality, turnover rates, and healthcare cost trend rates. Actuaries perform the required calculations to determine expense in accordance with GAAP. Actual results may differ from the actuarial assumptions and are generally accumulated into Accumulated other comprehensive income (loss) and amortized into Net earnings over future periods. The Company reviews its actuarial assumptions at each measurement date and makes modifications to the assumptions based on current rates and trends, if appropriate. Loss Contingencies: Liabilities are recorded for various contingencies arising in the normal course of business. The Company has recorded reserves in the financial statements related to these matters, which are developed using input derived from actuarial estimates and historical and anticipated experience data depending on the nature of the reserve, and in certain instances with consultation of legal counsel, internal and external consultants and engineers. Subject to the uncertainties inherent in estimating future costs for these types of liabilities, the Company believes its estimated reserves are reasonable and does not believe the final determination of the liabilities with respect to these matters would have a material effect on the financial condition, results of operations, liquidity or cash flows of the Company for any year. Environmental Costs: The Company is subject to laws and regulations relating to protecting the environment. Environmental expenditures relating to current operations are expensed or capitalized as appropriate. Expenditures relating to existing conditions caused by past operations, which do not contribute to current or future revenues, are expensed. Liabilities for remediation costs are recorded when they are probable and can be reasonably estimated, generally no later than the completion of feasibility studies or the Company’s commitment to a plan of action. The assessment of this liability, which is calculated based on existing remediation technology, does not reflect any offset for possible recoveries from insurance companies, and is not discounted. Asbestos Matters : Prior to the Petition Date, certain of the Company's wholly-owned subsidiaries and former companies were named as defendants in asbestos-related lawsuits in state and federal courts. The Company recorded a liability for actual and anticipated future claims as well as an asset for anticipated insurance settlements. Asbestos-related defense costs were excluded from the asbestos claims liability and were recorded separately as services were incurred. None of the Company's existing or previously-owned businesses were a producer or manufacturer of asbestos. The Company recorded certain income and expenses associated with asbestos liabilities and corresponding insurance recoveries within Discontinued operations, net of tax , as they related to previously divested businesses, except for amounts associated with the predecessor of Murray's asbestos liabilities and corresponding insurance recoveries, which were recorded within continuing operations. Product Warranties: Standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience. The Company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims, or as new information becomes available. The Company's extended warranty liability represents the deferred revenue associated with its extended warranty contracts and is amortized into revenue on a straight-line basis over the life of the contract, unless another method is more representative of the costs incurred. The Company assesses the adequacy of its liability by evaluating the expected costs under its existing contracts to ensure these expected costs do not exceed the extended warranty liability. Income Taxes: Deferred tax assets and liabilities are determined based on temporary differences between financial reporting and tax bases of assets and liabilities, applying enacted tax rates expected to be in effect for the year in which the differences are expected to reverse. The Company recognizes future tax benefits, such as net operating losses and tax credits, to the extent that realizing these benefits is considered in its judgment to be more likely than not. The Company regularly reviews the recoverability of its deferred tax assets considering its historic profitability, projected future taxable income, timing of the reversals of existing temporary differences and the feasibility of its tax planning strategies. Where appropriate, the Company records a valuation allowance with respect to a future tax benefit. Revenue Recognition: Revenue is recognized when control of a good or service promised in a contract (i.e., performance obligation) is transferred to a customer. Control is obtained when a customer has the ability to direct the use of and obtain substantially all of the remaining benefits from that good or service. The majority of the Company's revenue is recognized at a point-in-time as control is transferred at a distinct point in time per the terms of a contract. However, a portion of the Company's revenue is recognized over-time as the customer simultaneously receives control as the Company performs work under a contract. For these arrangements, the cost-to-cost input method (percentage of completion) is used as it best depicts the transfer of control to the customer that occurs as the Company incurs costs. See Note 12, "Revenue" to the Consolidated Financial Statements for additional information regarding revenue recognition. Research and Development Costs: The Company conducts research and development activities focused on product and system sustainability improvements such as increasing energy efficiency, developing products that allow for use of lower global warming potential refrigerants, reducing material content in products, and designing products for circularity. These expenditures are expensed when incurred. For the years ended December 31, 2023, 2022 and 2021, these expenditures amounted to $252.3 million, $211.2 million and $193.5 million, respectively.

Inventories

Inventories	12 Months Ended
Inventories	Dec. 31, 2023
Inventory, Net [Abstract]
Inventories	INVENTORIES At December 31, the major classes of inventory were as follows: In millions 2023 2022 Raw materials $ 605.1 $ 509.6 Work-in-process 385.1 333.8 Finished goods 1,332.3 1,280.3 2,322.5 2,123.7 LIFO reserve (170.4) (129.9) Total $ 2,152.1 $ 1,993.8 The Company performs periodic assessments to determine the existence of obsolete, slow-moving and non-saleable inventories and records necessary provisions to reduce such inventories to the lower of cost and NRV. Reserve balances, primarily related to obsolete and slow-moving inventories, were $143.5 million and $94.3 million at December 31, 2023 and December 31, 2022, respectively.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
Property, Plant and Equipment	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	PROPERTY, PLANT AND EQUIPMENT At December 31, the major classes of property, plant and equipment were as follows: In millions 2023 2022 Land $ 42.3 $ 36.8 Buildings 832.8 737.7 Machinery and equipment 2,224.4 1,996.8 Software 721.4 677.3 3,820.9 3,448.6 Accumulated depreciation (2,048.7) (1,912.5) Total $ 1,772.2 $ 1,536.1 Depreciation expense for the years ended December 31, 2023, 2022 and 2021 was $178.3 million, $176.5 million and $170.5 million, which includes amounts for software amortization of $36.5 million, $42.1 million and $45.7 million, respectively.

Goodwill

Goodwill	12 Months Ended
Goodwill	Dec. 31, 2023
Goodwill Abstract
Goodwill	GOODWILL The changes in the carrying amount of goodwill are as follows: In millions Americas EMEA Asia Pacific Total Net balance as of December 31, 2021 $ 4,185.2 $ 740.8 $ 578.8 $ 5,504.8 Acquisitions (1) 45.3 23.9 27.1 96.3 Currency translation (3.7) (49.8) (43.9) (97.4) Net balance as of December 31, 2022 4,226.8 714.9 562.0 5,503.7 Acquisitions (1) 453.7 112.8 — 566.5 Measurement period adjustments (8.7) 10.0 (0.1) 1.2 Currency translation 3.5 31.3 (10.9) 23.9 Net balance as of December 31, 2023 $ 4,675.3 $ 869.0 $ 551.0 $ 6,095.3 (1) Refer to Note 17, "Acquisitions and Divestitures" for more information regarding acquisitions. The net goodwill balances at December 31, 2023, 2022 and 2021 include $2,496.0 million of accumulated impairment, primarily related to the Americas segment. The accumulated impairment relates entirely to a charge recorded in 2008.

Intangible Assets

Intangible Assets	12 Months Ended
Intangible Assets	Dec. 31, 2023
Intangible Assets Abstract
Intangible Assets	INTANGIBLE ASSETS The following table sets forth the gross amount and related accumulated amortization of the Company’s intangible assets at December 31: 2023 2022 In millions Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer relationships $ 2,384.4 $ (1,731.4) $ 653.0 $ 2,183.7 $ (1,592.1) $ 591.6 Other 419.6 (243.1) 176.5 261.7 (213.4) 48.3 Total finite-lived intangible assets $ 2,804.0 $ (1,974.5) $ 829.5 $ 2,445.4 $ (1,805.5) $ 639.9 Trademarks (indefinite-lived) 2,610.3 — 2,610.3 2,624.1 — 2,624.1 Total $ 5,414.3 $ (1,974.5) $ 3,439.8 $ 5,069.5 $ (1,805.5) $ 3,264.0 Intangible asset amortization expense for 2023, 2022 and 2021 was $165.2 million, $142.7 million and $123.6 million, respectively. Future estimated amortization expense on existing intangible assets in the next five years as of December 31, 2023 amounts to approximately: In millions 2024 $ 178 2025 146 2026 93 2027 64 2028 45

Debt and Credit Facilities

Debt and Credit Facilities	12 Months Ended
Debt and Credit Facilities	Dec. 31, 2023
Debt Disclosure [Abstract]
Debt and Credit Facilities	DEBT AND CREDIT FACILITIES At December 31, Short-term borrowings and current maturities of long-term debt consisted of the following: In millions 2023 2022 Debentures with put feature $ 295.0 $ 340.8 4.250% Senior notes due 2023 — 699.7 3.550% Senior notes due 2024 499.4 — Other current maturities of long-term debt 7.5 7.5 Total $ 801.9 $ 1,048.0 The Company's short-term obligations primarily consist of debentures with put features and current maturities of long-term debt. The weighted-average interest rate for Short-term borrowings and current maturities of long-term debt at December 31, 2023 and 2022 was 4.6% and 4.9%, respectively. Commercial Paper Program The Company uses borrowings under its commercial paper program for general corporate purposes. The maximum aggregate amount of unsecured commercial paper notes available to be issued, on a private placement basis, under the commercial paper program is $2.0 billion as of December 31, 2023. Under the commercial paper program, the Company may issue notes from time to time through Trane Technologies HoldCo Inc. or Trane Technologies Financing Limited. Each of Trane Technologies plc, Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Lux International Holding Company S.à.r.l., Trane Technologies Americas Holding Corporation, Trane Technologies Global Holding II Company Limited, Trane Technologies Company LLC, Trane Technologies HoldCo Inc. and Trane Technologies Financing Limited provided irrevocable and unconditional guarantees for any notes issued under the commercial paper program. The Company had no outstanding balance under its commercial paper program as of December 31, 2023 and December 31, 2022. Debentures with Put Feature At December 31, 2023 and December 31, 2022, the Company had $295.0 million and $340.8 million, respectively, of fixed rate debentures outstanding which contain a put feature that the holders may exercise on each anniversary of the issuance date. If exercised, the Company is obligated to repay in whole or in part, at the holder’s option, the outstanding principal amount of the debentures plus accrued interest. If these options are not exercised, the final contractual maturity dates would range between 2027 and 2028. Holders of these debentures had the option to exercise the put feature on each of the outstanding debentures in 2023, subject to the notice requirement. During the year ended December 31, 2023, $45.8 million put options were exercised. No material exercises were made in 2022. At December 31, long-term debt excluding current maturities consisted of: In millions 2023 2022 7.200% Debentures due 2024-2025 $ 7.5 $ 14.9 3.550% Senior notes due 2024 — 498.7 6.480% Debentures due 2025 149.7 149.7 3.500% Senior notes due 2026 398.9 398.4 3.750% Senior notes due 2028 547.3 546.8 3.800% Senior notes due 2029 746.4 745.8 5.250% Senior notes due 2033 693.3 — 5.750% Senior notes due 2043 495.4 495.2 4.650% Senior notes due 2044 296.6 296.4 4.300% Senior notes due 2048 296.6 296.4 4.500% Senior notes due 2049 346.2 346.0 Total $ 3,977.9 $ 3,788.3 Scheduled maturities of long-term debt, including current maturities, as of December 31, 2023 are as follows: In millions 2024 $ 801.9 2025 157.2 2026 398.9 2027 — 2028 547.3 Thereafter 2,874.5 Total $ 4,779.8 Issuance of Senior Notes In March 2023, the Company, through its wholly-owned subsidiary Trane Technologies Financing Limited, issued $700.0 million aggregate principal amount of 5.250% senior notes due 2033. The notes are guaranteed by each of Trane Technologies plc, Trane Technologies Americas Holding Corporation, Trane Technologies Global Holding II Company Limited, Trane Technologies Lux International Holding Company S.a.r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC and Trane Technologies Holdco Inc. The Company has the option to redeem the notes in whole or in part at any time prior to their stated maturity date at redemption prices set forth in the indenture agreement. The notes are subject to certain customary covenants, however, none of these covenants are considered restrictive to the Company’s operations. The net proceeds from the offering were used to fund the redemption of the $700.0 million aggregate principal amount of the outstanding 4.250% senior notes due June 2023. Other Credit Facilities The Company maintains two $1.0 billion senior unsecured revolving credit facilities, one of which matures in June 2026 and the other which matures in April 2027 (collectively, the Facilities), through its wholly-owned subsidiaries, Trane Technologies HoldCo Inc. and Trane Technologies Financing Limited (collectively, the Borrowers). The Facilities include Environmental, Social, and Governance (ESG) metrics related to two of the Company’s sustainability commitments: a reduction in greenhouse gas intensity and an increase in the percentage of women in management. The Company's annual performance against these ESG metrics may result in price adjustments to the commitment fee and applicable interest rate. The Facilities provide support for the Company’s commercial paper program and can be used for working capital and other general corporate purposes. Trane Technologies plc, Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Lux International Holding Company S.à.r.l., Trane Technologies Americas Holding Corporation, Trane Technologies Global Holding II Company Limited, and Trane Technologies Company LLC each provide irrevocable and unconditional guarantees for these Facilities. In addition, each Borrower will guarantee the obligations under the Facilities of the other Borrowers. Total commitments of $2.0 billion were unused at December 31, 2023 and December 31, 2022. Fair Value of Debt The fair value of the Company's debt instruments at December 31, 2023 and December 31, 2022 was $4.7 billion and $4.6 billion, respectively. The Company measures the fair value of its debt instruments for disclosure purposes based upon observable market prices quoted on public exchanges for similar assets. These fair value inputs are considered Level 2 within the fair value hierarchy. See Note 9, “Fair Value Measurements” for information on the fair value hierarchy.
Supplier Finance Program	SUPPLIER FINANCING ARRANGEMENTS The Company has an agreement with a U.S. financial institution that allows its suppliers to sell their receivables to the financial institution at the sole discretion of both the supplier and the financial institution on terms that are negotiated between them. The Company may not always be notified when its suppliers sell receivables under this program. The Company’s obligations to its suppliers, including the amounts due and scheduled payment dates, are not impacted by the suppliers’ decisions to sell their receivables under the program. Outstanding invoices under the supplier financing program were $246.0 million and $247.2 million at December 31, 2023 and December 31, 2022, respectively, which are included within Accounts payable in the Consolidated Balance Sheets.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Dec. 31, 2023
Fair Value Measurements [Abstract]
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]	FAIR VALUE MEASUREMENTS Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy that prioritizes information used in developing assumptions when pricing an asset or liability is as follows: • Level 1: Observable inputs such as quoted prices in active markets; • Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and • Level 3: Unobservable inputs where there is little or no market data, which requires the reporting entity to develop its own assumptions. Observable market data is required to be used in making fair value measurements when available. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2023: In millions Fair Value Fair value measurements Level 1 Level 2 Level 3 Assets: Derivative instruments $ 4.1 $ — $ 4.1 $ — Liabilities: Derivative instruments 4.8 — 4.8 — Contingent consideration 90.3 — — 90.3 The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2022: In Millions Fair Value Fair value measurements Level 1 Level 2 Level 3 Assets: Derivative instruments $ 5.1 $ — $ 5.1 $ — Liabilities: Derivative instruments 11.9 — 11.9 — Contingent consideration 49.3 — — 49.3 Derivative instruments include forward foreign currency contracts and instruments related to non-functional currency balance sheet exposures and commodity swaps. The fair value of the foreign exchange derivatives are determined based on a pricing model that uses spot rates and forward prices from actively quoted currency markets that are readily accessible and observable. The fair value of the commodity derivatives is valued under a market approach using published prices, where applicable, or dealer quotes. On November 2, 2023, the Company acquired 100% of Nuvolo Technologies Corporation (Nuvolo). In connection with the acquisition, the Company agreed to two contingent consideration arrangements. The first contingent consideration arrangement, payable of up to $90.0 million in cash, is based on the attainment of key revenue targets from November 2, 2023 through April 2025. If the first contingent consideration targets are met, a second contingent consideration arrangement with no maximum earnout is available to the sellers based on revenues in excess of the initial targets attained from a specified customer contract through April 2025. On October 15, 2021, the Company acquired 100% of Farrar Scientific Corporation's (Farrar Scientific) assets. In connection with the acquisition, the Company agreed to contingent consideration of up to $115.0 million to be paid in 2025, tied to the attainment of key financial targets during the period January 1, 2022 through December 31, 2024. This additional payment, to the extent earned, will be payable in cash. Each quarter, the Company is required to remeasure the fair value of the liability as assumptions change and such non-cash adjustments are recorded in Selling and administrative expenses in the Consolidated Statements of Earnings. Contingent consideration related to acquisitions are measured at fair value each reporting period using Level 3 unobservable inputs. The fair value of the contingent consideration is determined using the Monte Carlo simulation model based on revenue projections during the earnout period, implied revenue volatility and a risk adjusted discount rate. The changes in the fair value of the Company's Level 3 liabilities during the years ended December 31, 2023 and 2022 are as follows: In millions 2023 2022 Balance at beginning of period $ 49.3 $ 96.2 Fair value of contingent consideration recorded in connection with acquisitions 90.3 — Change in fair value of contingent consideration (49.3) (46.9) Balance at end of period $ 90.3 $ 49.3 The following inputs and assumptions were used in the Monte Carlo simulation model of Nuvolo to estimate the fair value of the contingent consideration at December 31, 2023: 2023 Discount rate (risk adjusted) 8.14% - 8.48 Volatility 16.20 % The following inputs and assumptions were used in the Monte Carlo simulation model of Farrar to estimate the fair value of the contingent consideration at December 31, 2023 and 2022: 2023 2022 Discount rate 13.00 % 12.00 % Volatility 20.00 % 20.00 % Refer to Note 17, "Acquisitions and Divestitures" for more information regarding the contingent consideration . The carrying values of cash and cash equivalents, accounts receivable and accounts payable are a reasonable estimate of their fair value due to the short-term nature of these instruments. There have been no transfers between levels of the fair value hierarchy. Certain assets are measured at fair value on a non-recurring basis. The Company's equity investments without a readily available fair value are accounted for using the measurement alternative and are measured at fair value when observable transactions of identical or similar securities occurs, or due to an impairment. When indicators of impairment exist or observable price changes of qualified transactions occur, the respective equity investment would be classified within Level 3 of the fair value hierarchy due to the absence of quoted market prices, the inherent lack of liquidity and unobservable inputs used to measure fair value that require management’s judgment. During the year ended December 31, 2023, the Company recorded an impairment of an equity investment of $52.2 million within Other income/(expense), net .

Leases (Notes)

Leases (Notes)	12 Months Ended
Leases (Notes)	Dec. 31, 2023
Leases [Abstract]
Lessee, Operating Leases [Text Block]	LEASES The Company’s lease portfolio includes various contracts for real estate, vehicles, information technology and other equipment. At contract inception, the Company determines a lease exists if the contract conveys the right to control an identified asset for a period of time in exchange for consideration. Control is considered to exist when the lessee has the right to obtain substantially all of the economic benefits from the use of an identified asset as well as the right to direct the use of that asset. If a contract is considered to be a lease, the Company recognizes a lease liability based on the present value of the future lease payments, with an offsetting entry to recognize a right-of-use asset. Options to extend or terminate a lease are included when it is reasonably certain an option will be exercised. As a majority of the Company’s leases do not provide an implicit rate within the lease, an incremental borrowing rate is used which is based on information available at the commencement date. The following table includes a summary of the Company's lease portfolio and Balance Sheet classification: In millions Classification December 31, December 31, Assets Operating lease right-of-use assets (1) Other noncurrent assets $ 513.1 $ 462.5 Liabilities Operating lease current Other current liabilities 155.4 155.8 Operating lease noncurrent Other noncurrent liabilities 367.3 313.5 Weighted average remaining lease term 5.0 years 3.9 years Weighted average discount rate 4.5 % 3.0 % (1) Prepaid lease payments and lease incentives are recorded as part of the right-of-use asset. The net impact was $9.6 million and $6.8 million at December 31, 2023 and December 31, 2022, respectively. The Company accounts for each separate lease component of a contract and its associated non-lease component as a single lease component. In addition, the Company utilizes a portfolio approach for the vehicle, information technology and equipment asset classes as the application of the lease model to the portfolio would not differ materially from the application of the lease model to the individual leases within the portfolio. The following table includes lease costs and related cash flow information for the years ended December 31: In millions 2023 2022 Operating lease expense $ 187.8 $ 179.4 Variable lease expense 31.0 28.2 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 185.3 179.0 Right-of-use assets obtained in exchange for new operating lease liabilities 179.2 177.0 Operating lease expense is recognized on a straight-line basis over the lease term. In addition, the Company has certain leases that contain variable lease payments which are based on an index, a rate referenced in the lease or on the actual usage of the leased asset. These payments are not included in the right-of-use asset or lease liability and are expensed as incurred as variable lease expense. Maturities of lease obligations were as follows: In millions December 31, Operating leases: 2024 $ 179.4 2025 137.2 2026 106.2 2027 67.5 2028 37.9 After 2028 87.3 Total lease payments $ 615.5 Less: Interest (92.8) Present value of lease liabilities $ 522.7

Pensions and Postretirement Ben

Pensions and Postretirement Benefits Other Than Pensions	12 Months Ended
Pensions and Postretirement Benefits Other Than Pensions	Dec. 31, 2023
Retirement Benefits, Description [Abstract]
Pensions and Postretirement Benefits Other Than Pensions	PENSIONS AND POSTRETIREMENT BENEFITS OTHER THAN PENSIONS The Company sponsors several U.S. defined benefit and defined contribution plans covering substantially all of the Company's U.S. employees. Additionally, the Company has many non-U.S. defined benefit and defined contribution plans covering eligible non-U.S. employees. Postretirement benefits other than pensions (OPEB) provide healthcare benefits, and in some instances, life insurance benefits for certain eligible employees. Pension Plans The non-contributory defined benefit pension plans covering non-collectively bargained U.S. employees provide benefits on a final average pay formula while plans for most collectively bargained U.S. employees provide benefits on a flat dollar benefit formula or a percentage of pay formula. The non-U.S. pension plans generally provide benefits based on earnings and years of service. The Company also maintains additional other supplemental plans for officers and other key or highly compensated employees. The following table details information regarding the Company’s pension plans at December 31: In millions 2023 2022 Change in benefit obligations: Benefit obligation at beginning of year $ 2,386.1 $ 3,394.5 Service cost 34.4 47.5 Interest cost 119.6 70.3 Employee contributions 1.0 0.9 Actuarial (gains) losses (1) 63.7 (810.3) Benefits paid (187.9) (243.1) Currency translation 22.0 (59.6) Curtailments, settlements and special termination benefits (2.4) (5.0) Other, including expenses paid (24.0) (9.1) Benefit obligation at end of year $ 2,412.5 $ 2,386.1 Change in plan assets: Fair value at beginning of year $ 2,051.6 $ 2,993.8 Actual return on assets 192.2 (706.7) Company contributions 93.5 90.5 Employee contributions 1.0 0.9 Benefits paid (187.9) (243.1) Currency translation 22.9 (62.6) Settlements (2.4) (5.0) Other, including expenses paid (25.2) (16.2) Fair value of assets end of year $ 2,145.7 $ 2,051.6 Net unfunded liability $ (266.8) $ (334.5) Amounts included in the balance sheet: Other noncurrent assets $ 52.5 $ 61.0 Accrued compensation and benefits (10.8) (27.3) Postemployment and other benefit liabilities (308.5) (368.2) Net amount recognized $ (266.8) $ (334.5) (1) Actuarial (gains) losses primarily resulted from changes in discount rates. It is the Company’s objective to contribute to the pension plans to ensure adequate funds, and no less than required by law, are available in the plans to make benefit payments to plan participants and beneficiaries when required. However, certain plans are not or cannot be funded due to either legal, accounting, or tax requirements in certain jurisdictions. As of December 31, 2023, approximately six percent of the Company's projected benefit obligation relates to plans that cannot be funded. The pretax amounts recognized in Accumulated other comprehensive income (loss) were as follows: In millions Prior service benefit (cost) Net actuarial gains (losses) Total December 31, 2022 $ (20.9) $ (509.8) $ (530.7) Current year changes recorded to AOCI — 9.4 9.4 Amortization reclassified to earnings 3.6 16.2 19.8 Settlements/curtailments reclassified to earnings — 1.4 1.4 Currency translation and other (0.7) (3.0) (3.7) December 31, 2023 $ (18.0) $ (485.8) $ (503.8) Weighted-average assumptions used to determine the benefit obligation at December 31 were as follows: 2023 2022 Discount rate: U.S. plans 5.16 % 5.51 % Non-U.S. plans 4.18 % 4.63 % Rate of compensation increase: U.S. plans 4.02 % 4.00 % Non-U.S. plans 4.07 % 4.25 % The accumulated benefit obligation for all defined benefit pension plans was $2,372.2 million and $2,343.2 million at December 31, 2023 and 2022, respectively. The projected benefit obligation, accumulated benefit obligation, and fair value of plan assets for pension plans with accumulated benefit obligations more than plan assets were $1,928.6 million, $1,902.3 million and $1,611.0 million, respectively, as of December 31, 2023, and $1,850.0 million, $1,847.0 million and $1,585.6 million, respectively, as of December 31, 2022. Pension benefit payments are expected to be paid as follows: In millions 2024 $ 187.7 2025 195.5 2026 184.9 2027 192.5 2028 178.4 2029-2033 871.8 The components of the Company’s net periodic pension benefit costs for the years ended December 31 include the following: In millions 2023 2022 2021 Service cost $ 34.4 $ 47.5 $ 50.9 Interest cost 119.6 70.3 58.6 Expected return on plan assets (120.3) (103.8) (106.2) Net amortization of: Prior service costs (benefits) 3.6 3.9 5.0 Plan net actuarial (gains) losses 16.2 23.3 35.6 Net periodic pension benefit cost 53.5 41.2 43.9 Net curtailment, settlement, and special termination benefits (gains) losses 1.4 15.0 8.0 Net periodic pension benefit cost after net curtailment and settlement (gains) losses $ 54.9 $ 56.2 $ 51.9 Amounts recorded in continuing operations: Operating income $ 29.6 $ 43.2 $ 47.1 Other income/(expense), net 18.6 9.2 (0.9) Amounts recorded in discontinued operations 6.7 3.8 5.7 Total $ 54.9 $ 56.2 $ 51.9 Pension benefit cost for 2024 is projected to be approximately $46 million. Weighted-average assumptions used to determine net periodic pension cost for the years ended December 31 were as follows: 2023 2022 2021 Discount rate: U.S. plans Service cost 5.48 % 3.06 % 2.75 % Interest cost 5.35 % 2.36 % 1.82 % Non-U.S. plans Service cost 4.82 % 2.07 % 1.56 % Interest cost 4.65 % 1.62 % 1.09 % Rate of compensation increase: U.S. plans 4.25 % 4.00 % 4.00 % Non-U.S. plans 4.23 % 4.00 % 4.00 % Expected return on plan assets: U.S. plans 6.25 % 4.00 % 4.00 % Non-U.S. plans 5.02 % 2.50 % 2.25 % The expected long-term rate of return on plan assets reflects the average rate of returns expected on the funds invested or to be invested to provide for the benefits included in the projected benefit obligation. The expected long-term rate of return on plan assets is based on what is achievable given the plan’s investment policy, the types of assets held and target asset allocations. The expected long-term rate of return is determined as of the measurement date. The Company reviews each plan and its historical returns and target asset allocations to determine the appropriate expected long-term rate of return on plan assets to be used. The Company's objective in managing its defined benefit plan assets is to ensure that all present and future benefit obligations are met as they come due. It seeks to achieve this goal while trying to mitigate volatility in plan funded status, contribution, and expense by better matching the characteristics of the plan assets to that of the plan liabilities. The Company utilizes a dynamic approach to asset allocation whereby a plan's allocation to fixed income assets increases as the plan's funded status improves. The Company monitors plan funded status and asset allocation regularly in addition to investment manager performance. The fair values of the Company’s pension plan assets at December 31, 2023 by asset category were as follows: Fair value measurements Net asset value Total In millions Level 1 Level 2 Level 3 Cash and cash equivalents $ 4.7 $ 43.9 $ — $ — $ 48.6 Equity investments: Registered mutual funds – equity specialty — — — 78.7 78.7 Commingled funds – equity specialty — — — 262.4 262.4 — — — 341.1 341.1 Fixed income investments: U.S. government and agency obligations — 355.7 — — 355.7 Corporate and non-U.S. bonds (a) — 1,079.5 — — 1,079.5 Asset-backed and mortgage-backed securities — 12.5 — — 12.5 Registered mutual funds – fixed income specialty — — — 96.1 96.1 Commingled funds – fixed income specialty — — — 75.0 75.0 Other fixed income (b) — — 31.2 — 31.2 — 1,447.7 31.2 171.1 1,650.0 Derivatives — 5.9 — — 5.9 Other (d) — — 89.7 — 89.7 Total assets at fair value $ 4.7 $ 1,497.5 $ 120.9 $ 512.2 $ 2,135.3 Receivables and payables, net 10.4 Net assets available for benefits $ 2,145.7 The fair values of the Company’s pension plan assets at December 31, 2022 by asset category were as follows: Fair value measurements Net asset value Total In millions Level 1 Level 2 Level 3 Cash and cash equivalents $ 3.3 $ 50.6 $ — $ — $ 53.9 Equity investments: Registered mutual funds – equity specialty — — — 68.0 68.0 Commingled funds – equity specialty — — — 244.5 244.5 — — — 312.5 312.5 Fixed income investments: U.S. government and agency obligations — 323.6 — — 323.6 Corporate and non-U.S. bonds (a) — 1,065.7 — — 1,065.7 Asset-backed and mortgage-backed securities — 12.5 — — 12.5 Registered mutual funds – fixed income specialty — — — 105.0 105.0 Commingled funds – fixed income specialty — — — 61.7 61.7 Other fixed income (b) — — 29.3 — 29.3 — 1,401.8 29.3 166.7 1,597.8 Derivatives — (1.5) — — (1.5) Real estate (c) — — 0.9 — 0.9 Other (d) — — 79.6 — 79.6 Total assets at fair value $ 3.3 $ 1,450.9 $ 109.8 $ 479.2 $ 2,043.2 Receivables and payables, net 8.4 Net assets available for benefits $ 2,051.6 (a) This class includes state and municipal bonds. (b) This class includes group annuity and guaranteed interest contracts. (c) This class includes a private equity fund that invests in real estate. (d) This investment comprises the Company's non-significant, non-US pension plan assets. It primarily includes insurance contracts. Cash equivalents are valued using a market approach with inputs including quoted market prices for either identical or similar instruments. Fixed income securities are valued through a market approach with inputs including, but not limited to, benchmark yields, reported trades, broker quotes and issuer spreads. Commingled funds are valued at their daily net asset value (NAV) per share or the equivalent. NAV per share or the equivalent is used for fair value purposes as a practical expedient. NAVs are calculated by the investment manager or sponsor of the fund. Private real estate fund values are reported by the fund manager and are based on valuation or appraisal of the underlying investments. Refer to Note 9, "Fair Value Measurements" for additional information related to the fair value hierarchy. There have been no significant transfers between levels of the fair value hierarchy. The Company made required and discretionary contributions to its pension plans of $93.5 million in 2023, $90.5 million in 2022, and $55.9 million in 2021 and currently projects that it will contribute approximately $61 million to its plans worldwide in 2024. The Company’s policy allows it to fund an amount, which could be in excess of or less than the pension cost expensed, subject to the limitations imposed by current tax regulations. However, the Company anticipates funding the plans in 2024 in accordance with contributions required by funding regulations or the laws of each jurisdiction. Most of the Company’s U.S. employees are covered by defined contribution plans. Employer contributions are determined based on criteria specific to the individual plans and amounted to approximately $165 million, $138 million and $126 million in 2023, 2022 and 2021, respectively. The Company’s contributions relating to non-U.S. defined contribution plans and other non-U.S. benefit plans were $30.9 million, $33.8 million and $34.9 million in 2023, 2022 and 2021, respectively. Multiemployer Pension Plans The Company also participates in a number of multiemployer defined benefit pension plans related to collectively bargained U.S. employees of Trane. The Company's contributions are determined by the terms of the related collective-bargaining agreements. These multiemployer plans pose different risks to the Company than single-employer plans, including: 1. The Company's contributions to multiemployer plans may be used to provide benefits to all participating employees of the plan, including employees of other employers. 2. In the event that another participating employer ceases contributions to a plan, the Company, together with other remaining participating employers, may be responsible for any unfunded obligations of the employer that ceased making contributions. 3. If the Company chooses to withdraw from any of the multiemployer plans or if a partial withdrawal occurs, the Company may be required to pay a withdrawal liability, based on the underfunded status of the plan. As of December 31, 2023, the Company does not participate in any multiemployer plans that are individually significant. Postretirement Benefits Other Than Pensions The Company sponsors several postretirement plans that provide for healthcare benefits, and in some instances, life insurance benefits that cover certain eligible employees. These plans are unfunded and have no plan assets, but are instead funded by the Company on a pay-as-you-go basis in the form of direct benefit payments. Generally, postretirement health benefits are contributory with contributions adjusted annually. Life insurance plans for retirees are primarily non-contributory. The following table details changes in the Company’s postretirement plan benefit obligations for the years ended December 31: In millions 2023 2022 Benefit obligation at beginning of year $ 266.4 $ 342.2 Service cost 1.4 1.8 Interest cost 13.3 6.9 Plan participants’ contributions — 5.7 Actuarial (gains) losses (1) (7.4) (53.7) Benefits paid, net of Medicare Part D subsidy (2) (32.4) (39.8) Amendments — 3.3 Benefit obligations at end of year $ 241.3 $ 266.4 (1) Actuarial gains in fiscal year 2023 primarily due to plan experience. Actuarial gains in fiscal year 2022 primarily resulted from changes in discount rates. (2) Amounts are net of Medicare Part D subsidy of $0.4 million in both 2023 and 2022. The benefit plan obligations are reflected in the Consolidated Balance Sheets as follows: In millions December 31, 2023 December 31, 2022 Accrued compensation and benefits $ (29.3) $ (34.2) Postemployment and other benefit liabilities (212.0) (232.2) Total $ (241.3) $ (266.4) The pre-tax amounts recognized in Accumulated other comprehensive income (loss) were as follows: In millions Prior service benefit (cost) Net actuarial gains (losses) Total Balance at December 31, 2022 $ (3.3) $ 120.5 $ 117.2 Current year changes recorded to AOCI — 7.4 7.4 Amortization reclassified to earnings 0.6 (13.0) (12.4) Balance at December 31, 2023 $ (2.7) $ 114.9 $ 112.2 The components of net periodic postretirement benefit cost for the years ended December 31 were as follows: In millions 2023 2022 2021 Service cost $ 1.4 $ 1.8 $ 2.1 Interest cost 13.3 6.9 5.5 Net amortization of: Prior service costs (benefits) 0.6 — — Plan net actuarial (gains) losses (13.0) (5.6) (2.0) Net periodic postretirement benefit cost $ 2.3 $ 3.1 $ 5.6 Amounts recorded in continuing operations: Operating income $ 1.4 $ 1.8 $ 2.1 Other income/(expense), net 1.4 1.4 2.5 Amounts recorded in discontinued operations (0.5) (0.1) 1.0 Total $ 2.3 $ 3.1 $ 5.6 Postretirement cost for 2024 is projected to be $0.1 million. The amount expected to be recognized in net periodic postretirement benefits cost in 2024 for net actuarial gains is approximately $13 million. Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31 were as follows: 2023 2022 2021 Discount rate: Benefit obligations at December 31 5.17 % 5.51 % 2.73 % Net periodic benefit cost Service cost 5.54 % 2.82 % 2.40 % Interest cost 5.38 % 2.33 % 1.84 % Assumed health-care cost trend rates at December 31: Current year medical inflation 6.28 % 6.50 % 6.25 % Ultimate inflation rate 5.00 % 5.00 % 4.75 % Year that the rate reaches the ultimate trend rate 2029 2028 2028 Benefit payments for postretirement benefits, which are net of expected plan participant contributions and Medicare Part D subsidy, are expected to be paid as follows: In millions 2024 $ 30.1 2025 28.2 2026 26.5 2027 24.8 2028 23.3 2029—2033 93.3

Revenue (Notes)

Revenue (Notes)	12 Months Ended
Revenue (Notes)	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	REVENUE Performance Obligations A performance obligation is a distinct good, service or a bundle of goods and services promised in a contract. The Company identifies performance obligations at the inception of a contract and allocates the transaction price to individual performance obligations to faithfully depict the Company’s performance in transferring control of the promised goods or services to the customer. The following are the primary performance obligations identified by the Company: Equipment . The Company principally generates revenue from the sale of equipment to customers and recognizes revenue at a point in time when control transfers to the customer. Transfer of control is generally determined based on the shipping terms of the contract. Contracting and installation . The Company enters into various construction-type contracts to design, deliver and build integrated solutions to meet customer specifications. These transactions provide services that range from the development and installation of new HVAC systems to the design and integration of critical building systems to optimize energy efficiency and overall performance. These contracts have a typical term of less than one year and are considered a single performance obligation as multiple combined goods and services promised in the contract represent a single output delivered to the customer. Revenues associated with contracting and installation contracts are recognized over time with progress towards completion measured using the cost-to-cost input method (percentage of completion) as the basis to recognize revenue and an estimated profit. To-date efforts for work performed corresponds with and faithfully depicts transfer of control to the customer. Services and maintenance . The Company provides various levels of preventative and/or repair and maintenance type service agreements for its customers. The typical length of a contract is between 12 months and 60 months. Revenues associated with these performance obligations are primarily recognized over time on a straight-line basis over the life of the contract as the customer simultaneously receives and consumes the benefit provided by the Company. However, if historical evidence indicates that the cost of providing these services on a straight-line basis is not appropriate, revenue is recognized over the contract period in proportion to the costs expected to be incurred while performing the service. Revenues for certain repair services that do not meet the criteria for over time revenue recognition and sales of parts are recognized at a point in time. Extended warranties . The Company enters into various warranty contracts with customers related to its products. A standard warranty generally warrants that a product is free from defects in workmanship and materials under normal use and conditions for a certain period of time. The Company’s standard warranty is not considered a distinct performance obligation as it does not provide services to customers beyond assurance that the covered product is free of initial defects. An extended warranty provides a customer with additional time that the Company is liable for covered incidents associated with its products. Extended warranties are purchased separately and can last up to five years. As a result, they are considered separate performance obligations for the Company. Revenue associated with these performance obligations is primarily recognized over time on a straight-line basis over the life of the contract as the customer simultaneously receives and consumes the benefit provided by the Company. However, if historical evidence indicates that the cost of providing these services on a straight-line basis is not appropriate, revenue is recognized over the contract period in proportion to the costs expected to be incurred while performing the service. Refer to Note 20, "Commitments and Contingencies," for more information related to product warranties. The transaction price allocated to performance obligations reflects the Company’s expectations about the consideration it will be entitled to receive from a customer. To determine the transaction price, variable and non-cash consideration are assessed as well as whether a significant financing component exists. The Company includes variable consideration in the estimated transaction price when it is probable that significant reversal of revenue recognized would not occur when the uncertainty associated with variable consideration is subsequently resolved. The Company considers historical data in determining its best estimates of variable consideration, and the related accruals are recorded using the expected value method. For projects financed through energy savings, the Company provides financial guarantees for in-process work and financial commitments with end dates varying from the current fiscal year through the completion of such transactions that could be triggered in the event of nonperformance. Additionally, for completed energy savings contracts, the Company has ongoing performance guarantees related to the customers' realization of committed energy savings that are through the measurement and verification portion of contracting and installation agreements. These performance guarantees represent variable consideration and are estimated as part of the overall transaction price. As of December 31, 2023, the Company has outstanding performance guarantees of approximately $1 billion related to completed energy savings contracts that extend from 2024-2049. Since 1995, the Company has recognized an immaterial amount in adjustments to the overall transaction price of energy savings contracts as a result of these performance guarantees. The Company enters into sales arrangements that contain multiple goods and services. For these arrangements, each good or service is evaluated to determine whether it represents a distinct performance obligation and whether the sales price for each obligation is representative of standalone selling price. If available, the Company utilizes observable prices for goods or services sold separately to similar customers in similar circumstances to evaluate relative standalone selling price. List prices are used if they are determined to be representative of standalone selling prices. Where necessary, the Company ensures that the total transaction price is then allocated to the distinct performance obligations based on the determination of their relative standalone selling price at the inception of the arrangement. The Company recognizes revenue for delivered goods or services when the delivered good or service is distinct, control of the good or service has transferred to the customer, and only customary refund or return rights related to the goods or services exist. The Company excludes from revenues taxes it collects from a customer that are assessed by a government authority. Disaggregated Revenue Net revenues by geography and major type of good or service for the years ended at December 31 were as follows: In millions 2023 2022 2021 Americas Equipment $ 9,259.7 $ 8,575.1 $ 7,319.8 Services 4,572.3 4,065.7 3,637.3 Total Americas $ 13,832.0 $ 12,640.8 $ 10,957.1 EMEA Equipment $ 1,700.5 $ 1,420.9 $ 1,328.0 Services 700.7 613.6 616.9 Total EMEA $ 2,401.2 $ 2,034.5 $ 1,944.9 Asia Pacific Equipment $ 1,015.2 $ 934.8 $ 851.0 Services 429.2 381.6 383.4 Total Asia Pacific $ 1,444.4 $ 1,316.4 $ 1,234.4 Total Net revenues $ 17,677.6 $ 15,991.7 $ 14,136.4 Revenue from goods and services transferred to customers at a point in time accounted for approximately 81%, 82% and 82% of the Company's revenue for the years ended December 31, 2023, 2022 and 2021, respectively. Contract Balances The opening and closing balances of contract assets and contract liabilities arising from contracts with customers for the period ended December 31, 2023 and December 31, 2022 were as follows: In millions Location on Consolidated Balance Sheet 2023 2022 Contract assets - current Other current assets $ 458.4 $ 201.2 Contract assets - noncurrent Other noncurrent assets — 239.6 Contract liabilities - current Accrued expenses and other current liabilities 1,301.2 1,010.6 Contract liabilities - noncurrent Other noncurrent liabilities 247.2 471.4 The timing of revenue recognition, billings and cash collections results in accounts receivable, contract assets, and customer advances and deposits (contract liabilities) on the Consolidated Balance Sheets. In general, the Company receives payments from customers based on a billing schedule established in its contracts. Contract assets relate to the conditional right to consideration for any completed performance under the contract when costs are incurred in excess of billings under the percentage of completion methodology. Accounts receivable are recorded when the right to consideration becomes unconditional. Contract liabilities relate to payments received in advance of performance under the contract or when the Company has a right to consideration that is unconditional before it transfers a good or service to the customer. Contract liabilities are recognized as revenue as (or when) the Company performs under the contract. During the fourth quarter of 2023, the Company reclassified $249.0 million and $254.1 million of noncurrent contract assets and liabilities, respectively, to current contract assets and liabilities based on expected contract fulfillment in 2024. During the years ended December 31, 2023 and 2022, changes in contract asset and liability balances were not materially impacted by any other factors. Approximately 58% of the contract liability balance at December 31, 2022 was recognized as revenue during the year ended December 31, 2023. Additionally, approximately 16% of the contract liability balance at December 31, 2023 was classified as noncurrent and not expected to be recognized as revenue in the next 12 months.

Equity

Equity	12 Months Ended
Equity	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Shareholders' Equity	EQUITY The authorized share capital of Trane Technologies plc is 1,185,040,000 shares, consisting of (1) 1,175,000,000 ordinary shares, par value $1.00 per share, (2) 40,000 ordinary shares, par value EUR 1.00 and (3) 10,000,000 preference shares, par value $0.001 per share. There were no Euro-denominated ordinary shares or preference shares outstanding at December 31, 2023 or 2022. The changes in ordinary shares and treasury shares for the year ended December 31, 2023 were as follows: In millions Ordinary shares issued Ordinary shares held in treasury December 31, 2022 253.3 24.5 Shares issued under incentive plans 1.7 — Repurchase of ordinary shares (3.3) — December 31, 2023 251.7 24.5 Share repurchases are made from time to time in accordance with management's capital allocation strategy, subject to market conditions and regulatory requirements. Shares acquired and canceled upon repurchase are accounted for as a reduction of Ordinary Shares and Capital in excess of par value , or Retained earnings to the extent Capital in excess of par value is exhausted. Shares acquired and held in treasury are presented separately on the balance sheet as a reduction to Equity and recognized at cost. In February 2022, the Company's Board of Directors authorized a share repurchase program of up to $3.0 billion of its ordinary shares (2022 Authorization) upon the completion of its $2.0 billion ordinary share repurchase program authorized in 2021 (2021 Authorization). During the year ended December 31, 2023, the Company repurchased and canceled approximately $669 million of its ordinary shares, thus completing the 2021 Authorization and initiating repurchases under the 2022 Authorization of approximately $469 million of its ordinary shares, leaving $2.5 billion remaining. Additionally, through January 31, 2024 the Company repurchased approximately $81 million of its ordinary shares under the 2022 Authorization. Accumulated Other Comprehensive Income (Loss) The changes in Accumulated other comprehensive income (loss) were as follows: In millions Derivative Instruments Pension and OPEB Items Foreign Currency Translation Total December 31, 2021 $ 7.1 $ (297.9) $ (346.8) $ (637.6) Other comprehensive income (loss) attributable to Trane Technologies plc (11.6) 83.8 (200.8) (128.6) December 31, 2022 $ (4.5) $ (214.1) $ (547.6) $ (766.2) Other comprehensive income (loss) attributable to Trane Technologies plc 7.5 15.2 72.7 95.4 December 31, 2023 $ 3.0 $ (198.9) $ (474.9) $ (670.8) The amounts of Other comprehensive income (loss) attributable to noncontrolling interests for 2023, 2022 and 2021 were $(0.2) million, $(1.9) million and $(1.7) million, respectively, related to currency translation. Additionally, Other comprehensive income (loss) attributable to noncontrolling interests for 2023, 2022, and 2021 includes $0.5 million, $0.3 million, and $1.2 million, respectively, related to pension and postretirement obligation adjustments.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
Share-Based Compensation	Dec. 31, 2023
Share-Based Payment Arrangement, Disclosure [Abstract]
Share-Based Compensation	SHARE-BASED COMPENSATION The Company accounts for share-based compensation plans under the fair-value based method. Fair value is measured once at the date of grant and is not adjusted for subsequent changes. The Company’s share-based compensation plans include programs for stock options, restricted stock units (RSUs), performance share units (PSUs), and deferred compensation. Under the Company's incentive share plan, the total number of ordinary shares authorized by the shareholders is 23.0 million, of which 11.4 million remains available as of December 31, 2023 for future incentive awards. Compensation Expense Share-based compensation expense related to continuing operations is included in Selling and administrative expenses . The following table summarizes the expenses recognized: In millions 2023 2022 2021 Stock options $ 16.1 $ 14.1 $ 16.7 RSUs 23.5 19.7 21.9 PSUs 23.2 20.7 26.1 Deferred compensation 4.3 1.2 3.0 Pre-tax expense 67.1 55.7 67.7 Tax benefit (16.3) (13.5) (16.4) After-tax expense $ 50.8 $ 42.2 $ 51.3 Amounts recorded in continuing operations $ 50.8 $ 42.6 $ 51.3 Amounts recorded in discontinued operations — (0.4) — Total $ 50.8 $ 42.2 $ 51.3 Grants issued during the years ended December 31 were as follows: 2023 2022 2021 Number Granted Weighted-average fair value per award Number Granted Weighted-average fair value per award Number Granted Weighted-average fair value per award Stock options 425,444 $ 47.53 430,496 $ 35.96 589,417 $ 29.62 RSUs 214,425 $ 184.35 139,730 $ 165.07 153,806 $ 154.33 Performance shares (1) 208,046 $ 207.23 195,930 $ 170.31 284,300 $ 181.84 (1) The number of performance shares represents the maximum award level. Stock Options / RSUs Eligible participants may receive (i) stock options, (ii) RSUs or (iii) a combination of both stock options and RSUs. The fair value of each of the Company’s stock option and RSU awards is expensed on a straight-line basis over the required service period, which is generally the 3-year vesting period. However, for stock options and RSUs granted to retirement eligible employees, the Company recognizes expense for the fair value at the grant date. The average fair value of the stock options granted is determined using the Black Scholes option pricing model. The following assumptions were used during the year ended December 31: 2023 2022 2021 Dividend yield 1.50 % 1.60 % 1.60 % Volatility 29.37 % 28.23 % 27.90 % Risk-free rate of return 3.62 % 1.56 % 0.45 % Expected life in years 4.8 4.8 4.8 A description of the significant assumptions used to estimate the fair value of the stock option awards is as follows: • Dividend yield - The Company determines the dividend yield based upon the expected quarterly dividend payments as of the grant date and the current fair market value of the Company’s shares. • Volatility - The expected volatility is based on a weighted average of the Company’s implied volatility and the most recent historical volatility of the Company’s shares commensurate with the expected life. • Risk-free rate of return - The Company applies a yield curve of continuous risk-free rates based upon the published US Treasury spot rates on the grant date. • Expected life in years - The expected life of the Company’s stock option awards represents the weighted-average of the actual period since the grant date for all exercised or canceled options and an expected period for all outstanding options. Changes in options outstanding under the plans for the years 2023, 2022 and 2021 were as follows: Shares Weighted- Aggregate Weighted- December 31, 2020 5,719,358 $ 70.53 Granted 589,417 150.34 Exercised (1,872,069) 64.74 Cancelled (25,706) 115.33 December 31, 2021 4,411,000 $ 83.39 Granted 430,496 167.93 Exercised (633,962) 66.06 Cancelled (57,050) 137.38 December 31, 2022 4,150,484 $ 94.06 Granted 425,444 182.27 Exercised (1,382,846) 80.67 Cancelled (21,365) 168.18 Outstanding December 31, 2023 3,171,717 $ 111.23 $ 420.8 5.4 Exercisable December 31, 2023 2,284,656 $ 88.17 $ 355.8 4.3 The following table summarizes information concerning currently outstanding and exercisable options: Options outstanding Options exercisable Range of Number Weighted- Weighted- Number Weighted- Weighted- $ 25.01 — $ 50.00 213,462 1.8 $ 40.10 213,462 1.8 $ 40.10 50.01 — 75.00 757,205 3.1 66.35 757,205 3.1 66.35 75.01 — 100.00 506,855 4.1 78.99 506,855 4.1 78.99 100.01 — 125.00 464,452 5.7 105.28 464,452 5.7 105.28 125.01 — 150.00 406,450 6.4 148.62 213,678 6.8 148.95 150.01 — 175.00 415,977 7.9 167.58 113,426 7.8 167.16 175.01 — 200.00 373,227 8.9 181.30 15,578 7.5 186.83 200.01 — 250.00 34,089 9.8 213.59 — — — $ 46.64 — $ 231.35 3,171,717 5.4 $ 111.23 2,284,656 4.3 $ 88.17 At December 31, 2023, there was $10.7 million of total unrecognized compensation cost from stock option arrangements granted under the plan, which is primarily related to unvested shares of non-retirement eligible employees. The aggregate intrinsic value of options exercised during the years ended December 31, 2023 and 2022 was $159.8 million and $61.2 million, respectively. Generally, stock options expire ten years from their date of grant. The following table summarizes RSU activity for the years 2023, 2022 and 2021: RSUs Weighted- Outstanding and unvested at December 31, 2020 489,522 $ 87.75 Granted 153,806 154.33 Vested (266,041) 82.18 Cancelled (6,257) 115.11 Outstanding and unvested at December 31, 2021 371,030 $ 118.88 Granted 139,730 165.07 Vested (202,172) 107.29 Cancelled (13,935) 136.89 Outstanding and unvested at December 31, 2022 294,653 $ 147.88 Granted 214,425 184.35 Vested (154,134) 134.87 Cancelled (13,153) 173.28 Outstanding and unvested at December 31, 2023 341,791 $ 175.65 At December 31, 2023, there was $21.7 million of total unrecognized compensation cost from RSU arrangements granted under the plan, which is related to unvested shares of non-retirement eligible employees. Performance Shares The Company has a Performance Share Program (PSP) for key employees. The program provides awards in the form of PSUs based on performance against pre-established objectives. The annual target award level is expressed as a number of the Company's ordinary shares based on the fair market value of the Company's stock on the date of grant. All PSUs are settled in the form of ordinary shares. PSU awards are earned based 50% upon a performance condition, measured by relative Cash Flow Return on Invested Capital (CROIC) to the S&P 500 Industrials Index over a 3-year performance period, and 50% upon a market condition, measured by the Company's relative total shareholder return (TSR) as compared to the TSR of the S&P 500 Industrials Index over a 3-year performance period. The fair value of the market condition is estimated using a Monte Carlo simulation model in a risk-neutral framework based upon historical volatility, risk-free rates and correlation matrix. The following table summarizes PSU activity for the maximum number of shares that may be issued for the years 2023, 2022 and 2021: PSUs Weighted-average grant date fair value Outstanding and unvested at December 31, 2020 1,018,472 $ 99.53 Granted 284,300 181.84 Vested (419,088) 82.93 Forfeited (81,728) 160.86 Outstanding and unvested at December 31, 2021 801,956 $ 131.14 Granted 195,930 170.31 Vested (346,540) 89.70 Forfeited (42,320) 164.21 Outstanding and unvested at December 31, 2022 609,026 $ 165.02 Granted 208,046 207.23 Vested (237,586) 147.33 Forfeited (20,526) 186.32 Outstanding and unvested at December 31, 2023 558,960 $ 187.47 At December 31, 2023, there was $20.0 million of total unrecognized compensation cost from PSU arrangements based on current performance, which is related to unvested shares. This compensation will be recognized over the required service period, which is generally the three-year vesting period. Deferred Compensation The Company allows key employees to defer a portion of their eligible compensation into a number of investment choices, including its ordinary share equivalents. Any amounts invested in ordinary share equivalents will be settled in ordinary shares of the Company at the time of distribution.
Share Based Compensation Stock Option And Restricted Stock Units Granted [Text Block]	Grants issued during the years ended December 31 were as follows: 2023 2022 2021 Number Granted Weighted-average fair value per award Number Granted Weighted-average fair value per award Number Granted Weighted-average fair value per award Stock options 425,444 $ 47.53 430,496 $ 35.96 589,417 $ 29.62 RSUs 214,425 $ 184.35 139,730 $ 165.07 153,806 $ 154.33 Performance shares (1) 208,046 $ 207.23 195,930 $ 170.31 284,300 $ 181.84 (1)

Other, Net

Other, Net	12 Months Ended
Other, Net	Dec. 31, 2023
Other Net [Abstract]
Other, Net	The components of Other income/(expense), net for the years ended December 31, 2023, 2022 and 2021 were as follows: In millions 2023 2022 2021 Interest income $ 15.4 $ 9.2 $ 4.0 Foreign currency exchange loss (20.1) (17.9) (10.7) Other components of net periodic benefit credit/(cost) (20.0) (10.6) (1.6) Other activity, net (67.5) (4.0) 9.4 Other income/(expense), net $ (92.2) $ (23.3) $ 1.1 Other income/(expense), net includes the results from activities other than core business operations such as interest income and foreign currency gains and losses on transactions that are denominated in a currency other than an entity’s functional currency. In addition, the Company includes the components of net periodic benefit credit/(cost) for pension and post retirement obligations other than the service cost component. During the year ended December 31, 2022 the Company recorded a $15.0 million settlement charge for a compensation related payment to a retired executive within other components of net periodic benefit credit/(cost) Other activity, net primarily includes items associated with certain legal matters, as well as asbestos-related activities. During the year ended December 31, 2023, the Company recorded within other activity, net an impairment of an equity investment of $52.2 million. During the year ended December 31, 2021, the Company recorded a gain of $12.8 million related to the release of a pension indemnification liability, partially offset by a charge of $7.2 million to increase its Funding Agreement liability from asbestos-related activities of Murray. Refer to Note 20, "Commitments and Contingencies," for more information regarding asbestos-related matters.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Current and deferred provision for income taxes Earnings before income taxes for the years ended December 31 were taxed within the following jurisdictions: In millions 2023 2022 2021 United States $ 1,690.7 $ 1,312.3 $ 995.5 Non-U.S. 876.6 859.8 795.2 Total $ 2,567.3 $ 2,172.1 $ 1,790.7 The components of the Provision for income taxes for the years ended December 31 were as follows: In millions 2023 2022 2021 Current tax expense (benefit): United States $ 377.6 $ 180.4 $ 247.0 Non-U.S. 174.3 127.7 111.7 Total: 551.9 308.1 358.7 Deferred tax expense (benefit): United States (18.8) 66.5 (42.5) Non-U.S. (34.7) 1.3 17.3 Total: (53.5) 67.8 (25.2) Total tax expense (benefit): United States 358.8 246.9 204.5 Non-U.S. 139.6 129.0 129.0 Total $ 498.4 $ 375.9 $ 333.5 The Provision for income taxes differs from the amount of income taxes determined by applying the applicable U.S. statutory income tax rate to pretax income, as a result of the following differences: Percent of pretax income 2023 2022 2021 Statutory U.S. rate 21.0 % 21.0 % 21.0 % Increase (decrease) in rates resulting from: Non-U.S. tax rate differential (1.9) (2.8) (2.8) Tax on U.S. subsidiaries on non-U.S. earnings (a) (0.4) 0.3 (0.3) State and local income taxes (b) 3.2 1.1 2.0 Valuation allowances (c) (1.2) (0.7) (1.1) Stock based compensation (1.2) (0.8) (1.8) Other adjustments (0.1) (0.8) 1.6 Effective tax rate 19.4 % 17.3 % 18.6 % (a) Net of foreign tax credits (b) Net of changes in state valuation allowances (c) Primarily federal and non-U.S., excludes state valuation allowances Tax incentives, in the form of tax holidays, have been granted to the Company in certain jurisdictions to encourage industrial development. The expiration of these tax holidays varies by country. The tax holidays are conditional on the Company meeting certain employment and investment thresholds. The most significant tax holidays relate to the Company’s qualifying locations in China, Puerto Rico and Panama. The benefit for the tax holidays for the years ended December 31, 2023, 2022 and 2021 was $51.9 million, $52.5 million and $32.6 million, respectively. Deferred tax assets and liabilities A summary of the deferred tax accounts at December 31 were as follows: In millions 2023 2022 Deferred tax assets: Inventory and accounts receivable $ 11.8 $ 11.2 Depreciable and amortizable assets 1.4 2.6 Operating lease liabilities 122.4 112.0 Postemployment and other benefit liabilities 239.2 254.6 Product liability 7.3 5.5 Other reserves and accruals 198.6 181.5 Net operating losses and credit carryforwards 287.4 346.0 Other 41.4 40.7 Gross deferred tax assets 909.5 954.1 Less: deferred tax valuation allowances (164.0) (199.8) Deferred tax assets net of valuation allowances $ 745.5 $ 754.3 Deferred tax liabilities: Inventory and accounts receivable $ (15.3) $ (50.7) Depreciable and amortizable assets (1,073.2) (1,069.0) Operating lease right-of-use assets (120.2) (110.4) Postemployment and other benefit liabilities (13.0) (15.7) Other reserves and accruals (2.2) (5.5) Undistributed earnings of foreign subsidiaries (35.5) (28.0) Other 0.7 (1.6) Gross deferred tax liabilities (1,258.7) (1,280.9) Net deferred tax assets (liabilities) $ (513.2) $ (526.6) At December 31, 2023, no deferred taxes have been provided for earnings of certain of the Company’s subsidiaries, since these earnings have been and under current plans will continue to be permanently reinvested in these subsidiaries. These earnings amount to approximately $700 million which if distributed would result in additional taxes, which may be payable upon distribution, of approximately $200 million. At December 31, 2023, the Company had the following operating loss, capital loss and tax credit carryforwards available to offset taxable income in prior and future years: In millions Amount Expiration U.S. Federal net operating loss carryforwards $ 113.9 2024-Unlimited U.S. Federal credit carryforwards 95.0 2026-2043 U.S. State net operating loss carryforwards 2,497.0 2024-Unlimited U.S. State credit carryforwards 27.1 2024-Unlimited Non-U.S. net operating loss carryforwards 477.3 2024-Unlimited Non-U.S. credit carryforwards 17.3 Unlimited The U.S. state net operating loss carryforwards were incurred in various jurisdictions. The non-U.S. net operating loss carryforwards were incurred in various jurisdictions, predominantly in Belgium, Brazil, Luxembourg, and Spain. Activity associated with the Company’s valuation allowance is as follows: In millions 2023 2022 2021 Beginning balance $ 199.8 $ 258.6 $ 320.5 Increase to valuation allowance 24.3 5.9 86.5 Decrease to valuation allowance (57.8) (65.1) (113.5) Write off against valuation allowance (2.2) — (33.0) Acquisition and purchase accounting 1.3 — — Accumulated other comprehensive income (loss) (1.4) 0.4 (1.9) Ending balance $ 164.0 $ 199.8 $ 258.6 During 2023, the Company recorded a net $30.3 million reduction in valuation allowances primarily related to deferred tax assets associated with both foreign tax credits and operations of international subsidiaries. Additional reductions in the valuation allowance related to deferred tax assets associated with foreign tax credits could be recognized in future periods if foreign source income exceeds current projections for the periods 2024 through 2027, the remainder of the carryforward period. During 2022, the Company recorded a $48.2 million reduction in valuation allowances primarily related to certain net state deferred tax assets resulting from U.S. legal entity restructurings and deferred tax assets associated with foreign tax credits as a result of an increase in the 2022 year and projected foreign source income. During 2021, the Company recorded a $21.4 million reduction in valuation allowance on deferred tax assets primarily related to foreign tax credits as a result of an increase in current year foreign source income. Unrecognized tax benefits The Company has total unrecognized tax benefits of $84.9 million and $82.4 million as of December 31, 2023, and December 31, 2022, respectively. The amount of unrecognized tax benefits that, if recognized, would affect the continuing operations effective tax rate are $43.6 million as of December 31, 2023. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: In millions 2023 2022 2021 Beginning balance $ 82.4 $ 65.2 $ 65.4 Additions based on tax positions related to the current year 3.6 3.9 1.0 Additions based on tax positions related to prior years 0.6 22.5 5.1 Reductions based on tax positions related to prior years (0.5) (5.9) (2.4) Reductions related to settlements with tax authorities (1.4) (0.9) (0.1) Reductions related to lapses of statute of limitations (1.0) (0.6) (1.0) Translation (gain) loss 1.2 (1.8) (2.8) Ending balance $ 84.9 $ 82.4 $ 65.2 The Company records interest and penalties associated with the uncertain tax positions within its Provision for income taxes. The Company had reserves associated with interest and penalties, net of tax, of $16.0 million and $11.3 million at December 31, 2023 and December 31, 2022, respectively. For the years ended December 31, 2023 and December 31, 2022, the Company recognized $0.2 million and $3.7 million tax expense, respectively, in interest and penalties, net of tax in continuing operations related to these uncertain tax positions. The total amount of unrecognized tax benefits relating to the Company's tax positions is subject to change based on future events including, but not limited to, the settlements of ongoing audits and/or the expiration of applicable statutes of limitations. Although the outcomes and timing of such events are highly uncertain, it is reasonably possible that the balance of gross unrecognized tax benefits, excluding interest and penalties, could potentially be reduced by up to approximately $35 million during the next 12 months. The provision for income taxes involves a significant amount of management judgment regarding interpretation of relevant facts and laws in the jurisdictions in which the Company operates. Future changes in applicable laws, projected levels of taxable income and tax planning could change the effective tax rate and tax balances recorded by the Company. In addition, tax authorities periodically review income tax returns filed by the Company and can raise issues regarding its filing positions, timing and amount of income or deductions, and the allocation of income among the jurisdictions in which the Company operates. A significant period of time may elapse between the filing of an income tax return and the ultimate resolution of an issue raised by a revenue authority with respect to that return. In the normal course of business the Company is subject to examination by taxing authorities throughout the world, including such major jurisdictions as Belgium, Brazil, Canada, China, France, Germany, Ireland, Italy, Luxembourg, Mexico, Singapore, Spain, the Netherlands, the United Kingdom and the United States. These examinations on their own, or any subsequent litigation related to the examinations, may result in additional taxes or penalties against the Company. If the ultimate result of these audits differ from original or adjusted estimates, they could have a material impact on the Company’s income tax provision. In general, the examination of the Company’s U.S. federal tax returns is complete or effectively settled for years prior to 2016. The Company’s U.S. federal income tax returns for 2016 to 2019 are currently under examination by the Internal Revenue Service (IRS). In general, the examination of the Company’s material non-U.S. income tax returns is complete or effectively settled for the years prior to 2013, with certain matters prior to 2013 being resolved through appeals and litigation and also unilateral procedures as provided for under double tax treaties. On December 18, 2023, Ireland enacted legislation related to the 15% minimum tax element of the Organisation for Economic Co-operation and Development's (OECD) tax reform initiative, commonly referred to as “Pillar Two”, effective January 1, 2024. The Company is continuing to evaluate the potential impacts of proposed and enacted legislative changes as new guidance becomes available. The legislation does not impact the Company's 2023 effective tax rate.

Business Combinations

Business Combinations	12 Months Ended
Business Combinations	Dec. 31, 2023
Business Combinations [Abstract]
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	Acquisitions Fiscal Year 2023 On May 2, 2023, the Company acquired 100% of MTA S.p.A (MTA) for $224.4 million, net of cash acquired, financed through commercial paper and cash on hand. MTA is a leading industrial process cooling technology business which brings complementary, high-performing solutions to the comprehensive Commercial HVAC product and services portfolios in the EMEA and Americas segments. Intangible assets associated with this acquisition totaled $93.3 million and primarily relate to customer relationships. The excess purchase price over the estimated fair value of net assets acquired was recognized as goodwill and totaled $112.8 million, inclusive of the impact of measurement period adjustments . The goodwill resulting from the acquisition is not deductible for tax purposes. The values assigned to individual assets acquired and liabilities assumed are based on management’s current best estimate and subject to change as certain matters are finalized. The primary areas that remain open are related to tax. The results of the acquisition are reported within the EMEA and Americas segments from the date of acquisition. On May 12, 2023, the Company acquired 100% of Helmer Scientific Inc (Helmer), a precision temperature cooling company in the life sciences vertical within the Americas segment. The aggregate cash paid, net of cash acquired, totaled $266.4 million and was financed through commercial paper and cash on hand. Intangible assets associated with this acquisition totaled $95.7 million and primarily relate to customer relationships. The excess purchase price over the estimated fair value of net assets acquired was recognized as goodwill and totaled $130.0 million, inclusive of the impact of measurement period adjustments. For income tax purposes, the acquisition was treated as an asset purchase and the goodwill will be deductible for tax purposes. The values assigned to individual assets acquired and liabilities assumed are based on management’s current best estimate and subject to change as certain matters are finalized. The primary areas that remain open are related to tax. The results of the acquisition are reported within the Americas segment from the date of acquisition. On November 2, 2023, the Company acquired 100% of Nuvolo, a global leader in modern, cloud-based enterprise asset management and connected workplace software and solutions. The results of the acquisition are reported within the Americas segment from the date of acquisition. The Company paid $352.6 million in initial cash consideration, financed through cash on hand, and agreed to two additional contingent consideration arrangements. The first contingent consideration arrangement, payable of up to $90.0 million in cash, is based on the attainment of revenue targets from November 2, 2023 through April 2025. If the first contingent consideration targets are met, a second contingent consideration arrangement related to a specified customer contract is available to the sellers, with no maximum earnout, based on revenues attained from that specified customer contract through April 2025. The total purchase price for the acquisition was expected to be $442.9 million, comprised of the upfront cash consideration of $352.6 million paid on November 2, 2023 and the fair value of the contingent consideration arrangements at the acquisition-date of $90.3 million. See Note 9, "Fair Value Measurements" to the Consolidated Financial Statements for additional information regarding fair value of contingent consideration. Intangible assets associated with the Nuvolo acquisition totaled $141.0 million and primarily relate to developed technology and customer relationships. The excess purchase price over the estimated fair value of net assets acquired was recognized as goodwill and totaled $317.6 million. The goodwill is primarily attributable to the fair value of market share and revenue growth from Nuvolo. The benefit of access to the workforce is an additional element of goodwill. The goodwill created in the acquisition is not deductible for tax purposes. The fair values of the assets acquired and liabilities assumed, and the related tax balances, are based on preliminary estimates and assumptions. These preliminary estimates and assumptions could change during the measurement period as the Company finalizes the valuations of the assets acquired and liabilities assumed, and the related tax balances. The preliminary amounts assigned to the major identifiable intangible asset classifications for the 2023 acquisitions were as follows: In millions Weighted-average useful life (in years) Fair value Customer relationships 13 $ 189.9 Developed technology 9 107.1 Other 6 33.0 Total intangible assets $ 330.0 The preliminary valuation of intangible assets was determined using an income approach methodology. The Company estimated a portion of the fair value of the customer relationships intangible assets using an excess earnings model and a portion using the with and without method. The Company estimated a portion of the fair value of the developed technology intangible asset using a relief from royalty approach and a portion using an excess earnings model. These fair value measurements were based on significant inputs not observable in the market and thus represent a Level 3 measurement. Key assumptions include projected cash flows, including revenue growth rates and margins, customer attrition rates, royalty rates and discount rates attributable to each intangible asset. The Company has not included pro forma financial information for the 2023 acquisitions as the impact was not significant. Fiscal Year 2022 On October 31, 2022, the Company acquired 100% of AL-KO Air Technology (AL-KO) for $111.7 million, net of cash acquired, financed through cash on hand, and inclusive of the impact of measurement period adjustments. AL-KO designs, engineers, manufactures, sells, installs, and services air handling and extraction systems in commercial applications. Intangible assets associated with this acquisition totaled $49.4 million and primarily relate to customer relationships. The excess purchase price over the estimated fair value of net assets acquired was recognized as goodwill and totaled $48.5 million, inclusive of the impact of measurement period adjustments. The results of operations of AL-KO are reported within the EMEA and Asia Pacific segments from the date of acquisition. On April 1, 2022, the Company acquired a Commercial HVAC independent dealer, reported within the Americas segment from the date of acquisition, to support the Company's ongoing strategy to expand its distribution network and service area. The aggregate cash paid, net of cash acquired, totaled $110.0 million and was financed through cash on hand. Intangible assets associated with this acquisition totaled $52.7 million and primarily relate to customer relationships. The excess purchase price over the estimated fair value of net assets acquired was recognized as goodwill and totaled $42.5 million. The preliminary amounts assigned to the major identifiable intangible asset classifications for the 2022 acquisitions were as follows: In millions Weighted-average useful life (in years) Fair value Customer relationships 15 $ 82.9 Other 6 19.2 Total intangible assets $ 102.1 The valuation of intangible assets was determined using an income approach methodology. The fair value of the customer relationship intangible assets were determined using the excess earnings method based on discounted projected net cash flows associated with the net earnings attributable to the acquired customer relationships. These projected cash flows are estimated over the remaining economic life of the intangible asset and are considered from a market participant perspective. Key assumptions used in estimating future cash flows included projected revenue growth rates and customer attrition rates. The projected future cash flows are discounted to present value using an appropriate discount rate. The Company has not included pro forma financial information for the 2022 acquisitions as the impact was not significant. Fiscal Year 2021 On October 15, 2021, the Company acquired 100% of Farrar Scientific's assets, including its patented ultra-low temperature control technologies, a development and assembly operation in Marietta, Ohio, and a specialized team of engineers, sales engineers, operators, and technicians. Farrar Scientific is a leader in ultra-low temperature control for biopharmaceutical and other life science applications. The results of Farrar Scientific are reported within the Americas segment from the date of acquisition. The Company paid $251.2 million in initial cash consideration, financed through cash on hand, and agreed to contingent consideration of up to $115.0 million to be paid in 2025, tied to the attainment of key revenue targets during the period of January 1, 2022 through December 31, 2024. The purchase price for the acquisition was expected to be $349.9 million, comprised of the upfront cash consideration of $251.2 million paid on October 15, 2021 and the fair value of the earnout payment at the time of closing the acquisition of $98.7 million. See Note 9, "Fair Value Measurements" to the Consolidated Financial Statements for additional information regarding fair value of contingent consideration. The aggregate purchase price has been allocated to the assets acquired and liabilities assumed based on the estimate of fair market value of such assets and liabilities at the date of acquisition. Intangible assets associated with the acquisition totaled $140.7 million and primarily relate to customer relationships. The excess purchase price over the estimated fair value of net assets acquired was recognized as goodwill and totaled $203.6 million. The Company recorded intangible assets based on their estimated fair value, which consisted of the following: In millions Weighted-average useful life (in years) October 15, 2021 Customer relationships 14 $ 105.2 Other 6 35.5 Total intangible assets $ 140.7 The goodwill is primarily attributable to the fair value of market share and revenue growth from Farrar Scientific. The benefit of access to the workforce is an additional element of goodwill. For income tax purposes, the acquisition was an asset purchase and the goodwill will be deductible for tax purposes. The Company has not included pro forma financial information for the 2021 acquisitions as the impact was not significant. Divestitures The Company has retained obligations from previously sold businesses that primarily include ongoing expenses for postretirement benefits, product liability, legal costs and asbestos-related activities of Aldrich. The components of Discontinued operations, net of tax for the years ended December 31 were as follows: In millions 2023 2022 2021 Pre-tax earnings (loss) from discontinued operations (34.7) (26.9) (39.3) Tax benefit (expense) 7.5 5.4 18.7 Discontinued operations, net of tax $ (27.2) $ (21.5) $ (20.6) For the years ended December 31, 2023 and 2022, pre-tax earnings (loss) from discontinued operations included a charge of $20.2 million and $16.5 million, respectively, to support Aldrich's ongoing legal costs in accordance with the Company's Funding Agreement. For the year ended December 31, 2021, pre-tax earnings (loss) from discontinued operations included a charge of $14.0 million to increase the Company's Funding Agreement liability from asbestos-related activities of Aldrich as well as pension and post retirement obligations and environmental costs related to businesses formerly owned by the Company. Refer to Note 20, "Commitments and Contingencies," for more information regarding the deconsolidation and asbestos-related matters.
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]	FAIR VALUE MEASUREMENTS Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy that prioritizes information used in developing assumptions when pricing an asset or liability is as follows: • Level 1: Observable inputs such as quoted prices in active markets; • Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and • Level 3: Unobservable inputs where there is little or no market data, which requires the reporting entity to develop its own assumptions. Observable market data is required to be used in making fair value measurements when available. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2023: In millions Fair Value Fair value measurements Level 1 Level 2 Level 3 Assets: Derivative instruments $ 4.1 $ — $ 4.1 $ — Liabilities: Derivative instruments 4.8 — 4.8 — Contingent consideration 90.3 — — 90.3 The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2022: In Millions Fair Value Fair value measurements Level 1 Level 2 Level 3 Assets: Derivative instruments $ 5.1 $ — $ 5.1 $ — Liabilities: Derivative instruments 11.9 — 11.9 — Contingent consideration 49.3 — — 49.3 Derivative instruments include forward foreign currency contracts and instruments related to non-functional currency balance sheet exposures and commodity swaps. The fair value of the foreign exchange derivatives are determined based on a pricing model that uses spot rates and forward prices from actively quoted currency markets that are readily accessible and observable. The fair value of the commodity derivatives is valued under a market approach using published prices, where applicable, or dealer quotes. On November 2, 2023, the Company acquired 100% of Nuvolo Technologies Corporation (Nuvolo). In connection with the acquisition, the Company agreed to two contingent consideration arrangements. The first contingent consideration arrangement, payable of up to $90.0 million in cash, is based on the attainment of key revenue targets from November 2, 2023 through April 2025. If the first contingent consideration targets are met, a second contingent consideration arrangement with no maximum earnout is available to the sellers based on revenues in excess of the initial targets attained from a specified customer contract through April 2025. On October 15, 2021, the Company acquired 100% of Farrar Scientific Corporation's (Farrar Scientific) assets. In connection with the acquisition, the Company agreed to contingent consideration of up to $115.0 million to be paid in 2025, tied to the attainment of key financial targets during the period January 1, 2022 through December 31, 2024. This additional payment, to the extent earned, will be payable in cash. Each quarter, the Company is required to remeasure the fair value of the liability as assumptions change and such non-cash adjustments are recorded in Selling and administrative expenses in the Consolidated Statements of Earnings. Contingent consideration related to acquisitions are measured at fair value each reporting period using Level 3 unobservable inputs. The fair value of the contingent consideration is determined using the Monte Carlo simulation model based on revenue projections during the earnout period, implied revenue volatility and a risk adjusted discount rate. The changes in the fair value of the Company's Level 3 liabilities during the years ended December 31, 2023 and 2022 are as follows: In millions 2023 2022 Balance at beginning of period $ 49.3 $ 96.2 Fair value of contingent consideration recorded in connection with acquisitions 90.3 — Change in fair value of contingent consideration (49.3) (46.9) Balance at end of period $ 90.3 $ 49.3 The following inputs and assumptions were used in the Monte Carlo simulation model of Nuvolo to estimate the fair value of the contingent consideration at December 31, 2023: 2023 Discount rate (risk adjusted) 8.14% - 8.48 Volatility 16.20 % The following inputs and assumptions were used in the Monte Carlo simulation model of Farrar to estimate the fair value of the contingent consideration at December 31, 2023 and 2022: 2023 2022 Discount rate 13.00 % 12.00 % Volatility 20.00 % 20.00 % Refer to Note 17, "Acquisitions and Divestitures" for more information regarding the contingent consideration . The carrying values of cash and cash equivalents, accounts receivable and accounts payable are a reasonable estimate of their fair value due to the short-term nature of these instruments. There have been no transfers between levels of the fair value hierarchy. Certain assets are measured at fair value on a non-recurring basis. The Company's equity investments without a readily available fair value are accounted for using the measurement alternative and are measured at fair value when observable transactions of identical or similar securities occurs, or due to an impairment. When indicators of impairment exist or observable price changes of qualified transactions occur, the respective equity investment would be classified within Level 3 of the fair value hierarchy due to the absence of quoted market prices, the inherent lack of liquidity and unobservable inputs used to measure fair value that require management’s judgment. During the year ended December 31, 2023, the Company recorded an impairment of an equity investment of $52.2 million within Other income/(expense), net .

Earnings Per Share (EPS)

Earnings Per Share (EPS)	12 Months Ended
Earnings Per Share (EPS)	Dec. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share (EPS)	EARNINGS PER SHARE (EPS) Basic EPS is calculated by dividing Net earnings attributable to Trane Technologies plc by the weighted-average number of ordinary shares outstanding for the applicable period. Diluted EPS is calculated after adjusting the denominator of the basic EPS calculation for the effect of all potentially dilutive ordinary shares, which in the Company’s case, includes shares issuable under share-based compensation plans. The following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations: In millions 2023 2022 2021 Weighted-average number of basic shares outstanding 228.6 232.6 238.7 Shares issuable under incentive share plans 2.1 2.3 3.6 Weighted-average number of diluted shares outstanding 230.7 234.9 242.3 Anti-dilutive shares 0.4 0.8 — Dividends declared per ordinary share $ 3.00 $ 2.68 $ 2.36

Business Segment Information

Business Segment Information	12 Months Ended
Business Segment Information	Dec. 31, 2023
Segment Reporting [Abstract]
Business Segment Information	BUSINESS SEGMENT INFORMATION The Company operates under four regional operating segments designed to create deep customer focus and relevance in markets around the world. The Company determined that its two Europe, Middle East and Africa (EMEA) operating segments meet the aggregation criteria based on similar operating and economic characteristics, resulting in one reportable segment. Therefore, the Company has three regional reportable segments, Americas, EMEA and Asia Pacific. In January 2024, the Company aligned its operating segments with its three regional reportable segments. Intercompany sales between segments are immaterial. • The Company's Americas segment innovates for customers in North America and Latin America. The Americas segment encompasses commercial heating, cooling and ventilation systems, building controls and solutions, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions. • The Company's EMEA segment innovates for customers in the Europe, Middle East and Africa region. The EMEA segment encompasses heating, cooling and ventilation systems, services and solutions for commercial buildings, and transport refrigeration systems and solutions. • The Company's Asia Pacific segment innovates for customers throughout the Asia Pacific region. The Asia Pacific segment encompasses heating, cooling and ventilation systems, services and solutions for commercial buildings, and transport refrigeration systems and solutions. Management measures segment operating performance based on net earnings excluding interest expense, income taxes, depreciation and amortization, restructuring, non-cash adjustment for contingent consideration, insurance settlements on property claims, merger and acquisition-related costs, impairment of an equity investment, unallocated corporate expenses and discontinued operations (Segment Adjusted EBITDA). Segment Adjusted EBITDA is not defined under GAAP and may not be comparable to similarly-titled measures used by other companies and should not be considered a substitute for net earnings or other results reported in accordance with GAAP. The Company believes Segment Adjusted EBITDA provides the most relevant measure of profitability as well as earnings power and the ability to generate cash. This measure is a useful financial metric to assess the Company's operating performance from period to period by excluding certain items that it believes are not representative of its core business and the Company uses this measure for business planning purposes. Segment Adjusted EBITDA also provides a useful tool for assessing the comparability between periods and the Company's ability to generate cash from operations sufficient to pay taxes, to service debt and to undertake capital expenditures because it eliminates non-cash charges such as depreciation and amortization expense. A summary of operations by reportable segment for the years ended December 31 were as follows: In millions 2023 2022 2021 Net revenues Americas $ 13,832.0 $ 12,640.8 $ 10,957.1 EMEA 2,401.2 2,034.5 1,944.9 Asia Pacific 1,444.4 1,316.4 1,234.4 Total Net revenues $ 17,677.6 $ 15,991.7 $ 14,136.4 Segment Adjusted EBITDA Americas $ 2,669.6 2,326.3 2,008.8 EMEA 464.7 338.1 359.2 Asia Pacific 321.3 248.3 228.5 Total Segment Adjusted EBITDA $ 3,455.6 $ 2,912.7 $ 2,596.5 Reconciliation of Segment Adjusted EBITDA to earnings before income taxes Total Segment Adjusted EBITDA $ 3,455.6 $ 2,912.7 $ 2,596.5 Interest expense (234.5) (223.5) (233.7) Depreciation and amortization (348.1) (323.6) (299.4) Restructuring costs (15.1) (20.7) (27.0) Non-cash adjustments for contingent consideration 49.3 46.9 — Insurance settlements on property claims 10.0 25.0 — Impairment of equity investment (52.2) — — Acquisition inventory step-up (6.4) (0.8) — Unallocated corporate expenses (291.3) (243.9) (245.7) Earnings before income taxes $ 2,567.3 $ 2,172.1 $ 1,790.7 Depreciation and Amortization Americas $ 259.2 $ 256.9 $ 227.6 EMEA 51.4 28.8 33.3 Asia Pacific 19.1 17.6 16.5 Depreciation and amortization from reportable segments $ 329.7 $ 303.3 $ 277.4 Unallocated depreciation and amortization 18.4 20.3 22.0 Total depreciation and amortization $ 348.1 $ 323.6 $ 299.4 Capital Expenditures Americas $ 217.2 $ 230.5 $ 148.7 EMEA 31.9 25.9 23.6 Asia Pacific 14.3 11.2 20.6 Capital expenditures from reportable segments $ 263.4 $ 267.6 $ 192.9 Corporate capital expenditures 37.3 24.2 30.1 Total capital expenditures $ 300.7 $ 291.8 $ 223.0 At December 31, a summary of long-lived assets by geographic area were as follows: In millions 2023 2022 United States $ 1,618.6 $ 1,413.8 Non-U.S. 666.7 584.8 Total $ 2,285.3 $ 1,998.6

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2023
Commitments And Contingencies Abstract
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES The Company is involved in various litigation, claims and administrative proceedings, including those related to the bankruptcy proceedings for Aldrich and Murray and environmental and product liability matters. The Company records accruals for loss contingencies when it is both probable that a liability will be incurred and the amount of the loss can be reasonably estimated. Amounts recorded for identified contingent liabilities are estimates, which are reviewed periodically and adjusted to reflect additional information when it becomes available. Subject to the uncertainties inherent in estimating future costs for contingent liabilities, except as expressly set forth in this note, management believes that any liability which may result from these legal matters would not have a material adverse effect on the financial condition, results of operations, liquidity or cash flows of the Company. Asbestos-Related Matters Certain wholly-owned subsidiaries and former companies of the Company have been named as defendants in asbestos-related lawsuits in state and federal courts. In virtually all of the suits, a large number of other companies have also been named as defendants. The vast majority of those claims were filed against predecessors of Aldrich and Murray and generally allege injury caused by exposure to asbestos contained in certain historical products sold by predecessors of Aldrich or Murray, primarily pumps, boilers and railroad brake shoes. None of the Company's existing or previously-owned businesses were a producer or manufacturer of asbestos. On June 18, 2020, Aldrich and Murray filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code to resolve equitably and permanently all current and future asbestos related claims in a manner beneficial to claimants and to Aldrich and Murray. As a result of the Chapter 11 filings, all asbestos-related lawsuits against Aldrich and Murray have been stayed due to the imposition of a statutory automatic stay applicable in Chapter 11 bankruptcy cases. In addition, at the request of Aldrich and Murray, the Bankruptcy Court has entered an order temporarily staying all asbestos-related claims against the Trane Companies that relate to claims against Aldrich or Murray (except for asbestos-related claims for which the exclusive remedy is provided under workers' compensation statutes or similar laws). On August 23, 2021, the Bankruptcy Court entered its findings of facts and conclusions of law and order declaring that the automatic stay applies to certain asbestos related claims against the Trane Companies and enjoining such actions. As a result, all asbestos-related lawsuits against Aldrich, Murray and the Trane Companies remain stayed. The goal of these Chapter 11 filings is to resolve equitably and permanently all current and future asbestos-related claims in a manner beneficial to claimants and to Aldrich and Murray through court approval of a plan of reorganization that would create a trust pursuant to section 524(g) of the Bankruptcy Code, establish claims resolution procedures for all current and future asbestos-related claims against Aldrich and Murray and channel such claims to the trust for resolution in accordance with those procedures. Aldrich and Murray intend to seek an agreement with representatives of the asbestos claimants on the terms of a plan for the establishment of such a trust. Prior to the Petition Date, predecessors of each of Aldrich and Murray had been litigating asbestos-related claims brought against them. No such claims have been paid since the Petition Date, and it is not contemplated that any such claims will be paid until the end of the Chapter 11 cases. From an accounting perspective, the Company no longer has control over Aldrich and Murray as of the Petition Date as their activities are subject to review and oversight by the Bankruptcy Court. Therefore, Aldrich and its wholly-owned subsidiary 200 Park and Murray and its wholly-owned subsidiary ClimateLabs were deconsolidated as of the Petition Date and their respective assets and liabilities were derecognized from the Company's Consolidated Financial Statements. Amounts derecognized in 2020 primarily related to the legacy asbestos-related liabilities and asbestos-related insurance recoveries and $41.7 million of cash. Accounting Treatment Prior to the Petition Date Historically, the Company performed a detailed analysis and projected an estimated range of the Company’s total liability for pending and unasserted future asbestos-related claims. The Company recorded the liability at the low end of the range as it believed that no amount within the range was a better estimate than any other amount. Asbestos-related defense costs were excluded from the liability and were recorded separately as services were incurred. The methodology used to prepare estimates relied upon and included the following factors, among others: • the interpretation of a widely accepted forecast of the population likely to have been occupationally exposed to asbestos; • epidemiological studies estimating the number of people likely to develop asbestos-related diseases such as mesothelioma and lung cancer; • the Company’s historical experience with the filing of non-malignancy claims and claims alleging other types of malignant diseases filed against the Company relative to the number of lung cancer claims filed against the Company; • the analysis of the number of people likely to file an asbestos-related personal injury claim against the Company based on such epidemiological and historical data and the Company’s claims history; • an analysis of the Company’s pending cases, by type of disease claimed and by year filed; • an analysis of the Company’s history to determine the average settlement and resolution value of claims, by type of disease claimed; • an adjustment for inflation in the future average settlement value of claims, at a 2.5% annual inflation rate, adjusted downward to 1.0% to take account of the declining value of claims resulting from the aging of the claimant population; and • an analysis of the period over which the Company has and is likely to resolve asbestos-related claims against it in the future (currently projected through 2053). Prior to the Petition Date, over 73 percent of the open and active claims against the Company were non-malignant or unspecified disease claims. In addition, the Company had a number of claims which had been placed on inactive or deferred dockets and expected to have little or no settlement value against the Company. Prior to the Petition Date, the costs associated with the settlement and defense of asbestos-related claims, insurance settlements on asbestos-related matters and the revaluation of the Company's liability for potential future claims and recoveries were included in the Consolidated Statements of Earnings within continuing operations or discontinued operations depending on the business to which they relate. Income and expenses associated with asbestos-related matters of Aldrich and its predecessors were recorded within discontinued operations as they related to previously divested businesses, primarily Ingersoll-Dresser Pump, which was sold by the Company in 2000. Income and expenses associated with asbestos-related matters for Murray and its predecessors were recorded within continuing operations. The amounts recorded by the Company for asbestos-related liabilities and insurance-related assets were based on currently available information. Key assumptions underlying the estimated asbestos-related liabilities included the number of people occupationally exposed and likely to develop asbestos-related diseases such as mesothelioma and lung cancer, the number of people likely to file an asbestos-related personal injury claim against the Company, the average settlement and resolution of each claim and the percentage of claims resolved with no payment. Furthermore, predictions with respect to estimates of the liability were subject to greater uncertainty as the projection period lengthens. Other factors that have affected the Company’s liability include uncertainties surrounding the litigation process from jurisdiction to jurisdiction and from case to case, reforms that have been made by state and federal courts, and the passage of state or federal tort reform legislation. The aggregate amount of the stated limits in insurance policies available to Aldrich and Murray for asbestos-related claims acquired, over many years and from many different carriers, is substantial. However, as a result of limitations in that coverage, the projected total liability to claimants substantially exceeds the probable insurance recovery. Accounting Treatment After the Petition Date Upon deconsolidation in 2020, the Company recorded its retained interest in Aldrich and Murray at fair value within Other noncurrent assets in the Consolidated Balance Sheets. In determining the fair value of its equity investment, the Company used a market-adjusted multiple of earnings valuation technique. As a result, the Company recorded an aggregate equity investment of $53.6 million as of the Petition Date. Simultaneously, the Company recognized a liability of $248.8 million within Other noncurrent liabilities in the Consolidated Balance Sheets related to its obligation under the Funding Agreements. The liability was based on asbestos-related liabilities and insurance-related assets balances previously recorded by the Company prior to the Petition Date. As a result of the deconsolidation, the Company recognized an aggregate loss of $24.9 million in its Consolidated Statements of Earnings during the year ended December 31, 2020. A gain of $0.9 million related to Murray and its wholly-owned subsidiary ClimateLabs was recorded within Other income/ (expense), net and a loss of $25.8 million related to Aldrich and its wholly-owned subsidiary 200 Park was recorded within Discontinued operations, net of tax . Additionally, the deconsolidation resulted in an investing cash outflow of $41.7 million in the Company's Consolidated Statements of Cash Flows, of which $10.8 million was recorded within continuing operations during the year ended December 31, 2020. On August 26, 2021, the Company announced that Aldrich and Murray reached an agreement in principle with the court-appointed legal representative of future asbestos claimants (the FCR) in the bankruptcy proceedings. The agreement in principle includes the key terms for the permanent resolution of all current and future asbestos claims against Aldrich and Murray pursuant to a plan of reorganization (the Plan). Under the agreed terms, the Plan would create a trust pursuant to section 524(g) of the Bankruptcy Code and establish claims resolution procedures for all current and future claims against Aldrich and Murray (Asbestos Claims). On the effective date of the Plan, Aldrich and Murray would fund the trust with $545.0 million, comprised of $540.0 million in cash and a promissory note to be issued by Aldrich and Murray to the trust in the principal amount of $5.0 million, and the Asbestos Claims would be channeled to the trust for resolution in accordance with the claims resolution procedures. Following the effective date of the Plan, Aldrich and Murray would have no further obligations with respect to the Asbestos Claims. The FCR has agreed to support such Plan. The agreement in principle with the FCR is subject to final documentation and is conditioned on arrangements acceptable to Aldrich and Murray with respect to their asbestos insurance assets. It is currently contemplated that the asbestos insurance assets of Aldrich and Murray would be contributed to the trust, and that, in consideration of their cash contribution to the trust, Aldrich and Murray would have the exclusive right to pursue, collect and retain all insurance reimbursements available in connection with the resolution of Asbestos Claims by the trust. The committee representing current asbestos claimants (the ACC) is not a party to the agreement in principle. Any settlement and its implementation in a plan of reorganization is subject to the approval of the Bankruptcy Court, and there can be no assurance that the Bankruptcy Court will approve the agreement on the terms proposed. On September 24, 2021, Aldrich and Murray filed the Plan with the Bankruptcy Court. The Plan is supported by, and reflects the agreement in principle reached with the FCR. On the same date, in connection with the Plan, Aldrich and Murray filed a motion with the Bankruptcy Court to create a $270.0 million trust intended to constitute a "qualified settlement fund" within the meaning of the Treasury Regulations under Section 468B of the Internal Revenue Code (QSF). The funds held in the QSF would be available to provide funding for the Section 524(g) Trust upon effectiveness of the Plan. During the year ended December 31, 2021, in connection with the agreement in principle reached by Aldrich and Murray with the FCR and the motion to create a $270.0 million QSF, the Company recorded a charge of $21.2 million to increase its Funding Agreement liability to $270.0 million. The corresponding charge was bifurcated between Other income/ (expense), net of $7.2 million relating to Murray and discontinued operations of $14.0 million relating to Aldrich. On January 27, 2022, the Bankruptcy Court granted the request to fund the QSF, which was funded on March 2, 2022, resulting in an operating cash outflow of $270.0 million reported in the Company's Consolidated Statements of Cash Flows, of which $91.8 million was allocated to continuing operations and $178.2 million was allocated to discontinued operations for the year ended December 31, 2022. On April 18, 2022, the Bankruptcy Court entered an order granting Aldrich and Murray's request to seek to estimate their aggregate liability for all current and future asbestos-related personal injury claims. Aldrich and Murray are pursuing discovery and related matters in connection with the estimation proceedings. On October 18, 2021, the ACC filed a motion seeking standing to pursue and investigate on behalf of the bankruptcy estates of Aldrich and Murray, claims arising from or related to the 2020 Corporate Restructuring. Also on October 18, 2021, the ACC filed a complaint seeking to substantively consolidate the bankruptcy estates of Aldrich and Murray with certain of the Company's subsidiaries. On December 20, 2021, Aldrich, Murray and certain of the Company's subsidiaries filed motions to dismiss the ACC's substantive consolidation complaint. On April 14, 2022, the Bankruptcy Court granted the ACC's standing motion and denied the motions to dismiss the substantive consolidation complaint. On June 18, 2022, the ACC filed complaints against the Company and other related parties asserting various claims and causes of action arising from or related to the 2020 Corporate Restructuring. The Company is vigorously opposing and defending against these claims. On April 6, 2023, certain individual claimants filed a motion to dismiss the Chapter 11 cases. Subsequently, on May 15, 2023, the ACC filed its own motion to dismiss the Chapter 11 cases. Aldrich, Murray and the FCR filed responses in opposition to each of these motions, and the Company filed papers joining in Aldrich and Murray's opposition. A hearing on the motions to dismiss was held on July 14, 2023. On December 28, 2023, the Bankruptcy Court entered an order denying the motions to dismiss the Chapter 11 cases. On January 11, 2024, the ACC and the individual claimants filed motions seeking leave to appeal the order denying the motions to dismiss and to certify the appeals directly to the Court of Appeals for the Fourth Circuit. Aldrich and Murray filed responses in opposition to these motions on January 31, 2024. It is not possible to predict how the Bankruptcy Court will rule on these pending motions, whether an appellate court will affirm or reverse the Bankruptcy Court order denying the motions to dismiss, whether the Bankruptcy Court will approve the terms of the Plan, what the extent of the asbestos liability will be or how long the Chapter 11 cases will last. The Chapter 11 cases remain pending as of February 8, 2024. Furthermore, in connection with the 2020 Corporate Restructuring, Aldrich, Murray and their respective subsidiaries entered into several agreements with subsidiaries of the Company to ensure they each have access to services necessary for the effective operation of their respective businesses and access to capital to address any liquidity needs that arise as a result of working capital requirements or timing issues. In addition, the Company regularly transacts business with Aldrich and its wholly-owned subsidiary 200 Park and Murray and its wholly-owned subsidiary ClimateLabs. As of the Petition Date, these entities are considered related parties and post deconsolidation activity between the Company and them are reported as third party transactions and are reflected within the Company's Consolidated Statements of Earnings. Since the Petition Date, there were no material transactions between the Company and these entities other than as described above. Environmental Matters The Company continues to be dedicated to environmental and sustainability programs to minimize the use of natural resources, reduce the utilization and generation of hazardous materials from our manufacturing processes and remediate identified environmental concerns. As to the latter, the Company is currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former manufacturing facilities. It is the Company's policy to establish environmental reserves for investigation and remediation activities when it is probable that a liability has been incurred and a reasonable estimate of the liability can be made. Estimated liabilities are determined based upon existing remediation laws and technologies. Inherent uncertainties exist in such evaluations due to unknown environmental conditions, changes in government laws and regulations, and changes in cleanup technologies. The environmental reserves are updated on a routine basis as remediation efforts progress and new information becomes available. The Company is sometimes a party to environmental lawsuits and claims and has received notices of potential violations of environmental laws and regulations from the Environmental Protection Agency and similar state and international authorities. It has also been identified as a potentially responsible party (PRP) for cleanup costs associated with off-site waste disposal at federal Superfund and state remediation sites. In most instances at multi-party sites, the Company's share of the liability is not material. In estimating its liability at multi-party sites, the Company has assumed it will not bear the entire cost of remediation of any site to the exclusion of other PRPs who may be jointly and severally liable. The ability of other PRPs to participate has been taken into account, based on the Company's understanding of the parties’ financial condition and probable contributions on a per site basis. Reserves for environmental matters are classified as Accrued expenses and other current liabilities or Other noncurrent liabilities based on their expected term. As of December 31, 2023 and 2022, the Company has recorded reserves for environmental matters of $47.5 million and $42.4 million, respectively. Of these amounts, $38.9 million and $36.5 million, respectively, relate to investigation and remediation of properties and multi-waste disposal sites related to businesses formerly owned by the Company. Warranty Liability Standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience. The Company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims, or as new information becomes available. The changes in the standard product warranty liability for the years ended December 31, were as follows: In millions 2023 2022 Balance at beginning of period $ 323.6 $ 296.2 Reductions for payments (146.5) (127.3) Accruals for warranties issued during the current period 187.0 156.6 Changes to accruals related to preexisting warranties 9.1 1.2 Translation 0.7 (3.1) Balance at end of period $ 373.9 $ 323.6 Standard product warranty liabilities are classified as Accrued expenses and other current liabilities or Other noncurrent liabilities based on their expected term. The Company's total current standard product warranty reserve at December 31, 2023 and December 31, 2022 was $157.6 million and $120.4 million, respectively. Warranty Deferred Revenue The Company's extended warranty liability represents the deferred revenue associated with its extended warranty contracts and is amortized into Net revenues on a straight-line basis over the life of the contract, unless another method is more representative of the costs incurred. The Company assesses the adequacy of its liability by evaluating the expected costs under its existing contracts to ensure these expected costs do not exceed the extended warranty liability. The changes in the extended warranty liability for the years ended December 31, were as follows: In millions 2023 2022 Balance at beginning of period $ 317.7 $ 311.7 Amortization of deferred revenue for the period (118.6) (117.4) Additions for extended warranties issued during the period 148.6 125.1 Changes to accruals related to preexisting warranties 0.9 0.3 Translation 0.8 (2.0) Balance at end of period $ 349.4 $ 317.7 The extended warranty liability is classified as Accrued expenses and other current liabilities or Other noncurrent liabilities based on the timing of when the deferred revenue is expected to be amortized into Net revenues . The Company's total current extended warranty liability at December 31, 2023 and December 31, 2022 was $123.8 million and $110.5 million, respectively. For the years ended December 31, 2023, 2022 and 2021, the Company incurred costs of $54.3 million, $54.8 million and $58.5 million, respectively, related to extended warranties.

Payables and Accruals

Payables and Accruals	12 Months Ended
Payables and Accruals	Dec. 31, 2023
Payables and Accruals [Abstract]
Supplier Finance Program	SUPPLIER FINANCING ARRANGEMENTS The Company has an agreement with a U.S. financial institution that allows its suppliers to sell their receivables to the financial institution at the sole discretion of both the supplier and the financial institution on terms that are negotiated between them. The Company may not always be notified when its suppliers sell receivables under this program. The Company’s obligations to its suppliers, including the amounts due and scheduled payment dates, are not impacted by the suppliers’ decisions to sell their receivables under the program. Outstanding invoices under the supplier financing program were $246.0 million and $247.2 million at December 31, 2023 and December 31, 2022, respectively, which are included within Accounts payable in the Consolidated Balance Sheets.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 2,023.9	$ 1,756.5	$ 1,423.4

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2023 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Securities Trading Plans of Directors and Executive Officers Our director compensation program, which consists of an annual cash retainer and grant of restricted stock units (RSUs), is designed to compensate non-employee directors fairly for work required for a company of our size and scope and to align their interests with the long-term interests of our shareholders. Similarly, a portion of the compensation of our executive officers is delivered in the form of our Long-Term Incentive Program (LTI), which is comprised of stock options, RSUs and performance share units (PSUs). We believe compensating our directors and executive officers with a mix of equity-based awards effectively links compensation to long-term shareholder value creation, Environmental, Social, and Governance (ESG), and financial results. Subject to the satisfaction of our share ownership requirements, our directors and executive officers may, from time to time, engage in transactions to sell some of the shares granted to them as part of our director and executive compensation programs after such shares vest following the expiration of any time-based restrictions or achievement of certain pre-established performance goals. In addition, our directors and executive officers may also, from time to time, engage in other transactions involving our securities, which may entail the purchase or sale of our common stock outside of these compensation programs on an open-market basis. All transactions in our securities by our directors and executive officers must occur in accordance with our Insider Trading Policy, which, among other things, requires that such transactions be in accordance with applicable U.S. federal securities laws that prohibit trading while in possession of material nonpublic information. Rule 10b5-1 of the Securities Exchange Act provides an affirmative defense that enables prearranged transactions in securities in a manner that avoids concerns about initiating transactions at a future date while possibly in possession of material nonpublic information. Our insider trading policy permits our directors and executive officers to enter trading plans designed to prearrange transactions in our securities in accordance with Rule 10b5-1. The following table describes contracts, instructions or written plans for the sale or purchase of our securities adopted by our directors and executive officers during the fourth quarter of 2023, each of which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), referred to as Rule 10b5-1 trading plans: Name and Title Action Date of Action Scheduled Expiration Date (1) Aggregate Number of Securities to be Purchased or Sold (2) David S. Regnery Chair and Chief Executive Officer Adopt 11/14/2023 5/13/2024 Sale of up to 19,772 (3) shares of common stock Christopher J. Kuehn Executive Vice President and Chief Financial Officer Adopt 11/14/2023 5/13/2024 Sale of up to 10,699 (4) shares of common stock (1) In each case a trading plan may also expire prior to the scheduled expiration date if all transactions under the trading plan are completed before the scheduled expiration date. (2) Aggregate number of shares in this column includes shares that may be forfeited or withheld to satisfy exercise price and tax obligations at the time of vesting. (3) This figure includes a grant of 8,727 unvested PSUs that are expected to vest during the term of the Rule 10b5-1 trading plans, which are assumed to vest at 100% of the target award amount. The actual number of PSUs that may vest can vary between 0% - 200% of the target award amount, subject to the achievement of certain performance conditions as set forth in the PSU award agreement. (4) This figure includes a grant of 6,713 unvested PSUs that are expected to vest during the term of the Rule 10b5-1 trading plans, which are assumed to vest at 100% of the target award amount. The actual number of PSUs that may vest can vary between 0% - 200% of the target award amount, subject to the achievement of certain performance conditions as set forth in the PSU award agreement.
David S. Regnery [Member]
Trading Arrangements, by Individual
Name	David S. Regnery
Title	Chair and Chief Executive Officer
Adoption Date	11/14/2023
Aggregate Available	19,772	[1]
Christopher J. Kuehn [Member]
Trading Arrangements, by Individual
Name	Christopher J. Kuehn
Title	Executive Vice President and Chief Financial Officer
Adoption Date	11/14/2023
Aggregate Available	10,699	[2]

[1] This figure includes a grant of 8,727 unvested PSUs that are expected to vest during the term of the Rule 10b5-1 trading plans, which are assumed to vest at 100% of the target award amount. The actual number of PSUs that may vest can vary between 0% - 200% of the target award amount, subject to the achievement of certain performance conditions as set forth in the PSU award agreement. This figure includes a grant of 6,713 unvested PSUs that are expected to vest during the term of the Rule 10b5-1 trading plans, which are assumed to vest at 100% of the target award amount. The actual number of PSUs that may vest can vary between 0% - 200% of the target award amount, subject to the achievement of certain performance conditions as set forth in the PSU award agreement.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	12 Months Ended
Summary of Significant Accounting Policies (Policy)	Dec. 31, 2023
Accounting Policies [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	The accompanying Consolidated Financial Statements reflect the consolidated operations of the Company and have been prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) as defined by the Financial Accounting Standards Board (FASB) within the FASB Accounting Standards Codification (ASC). Intercompany accounts and transactions have been eliminated. The results of operations and cash flows of all discontinued operations have been separately reported as discontinued operations for all periods presented. The Consolidated Financial Statements include all majority-owned subsidiaries of the Company. A noncontrolling interest in a subsidiary is considered an ownership interest in a majority-owned subsidiary that is not attributable to the parent. The Company includes Noncontrolling interest as a component of Total equity in the Consolidated Balance Sheets and the Net earnings attributable to noncontrolling interests are presented as an adjustment from Net earnings used to arrive at Net earnings attributable to Trane Technologies plc in the Consolidated Statements of Earnings.
Use of Estimates, Policy	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period. Estimates are based on several factors including the facts and circumstances available at the time the estimates are made, historical experience, risk of loss, general economic conditions and trends, and the assessment of the probable future outcome. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the Consolidated Statements of Earnings in the period that they are determined.
Currency Translation	Assets and liabilities of non-U.S. subsidiaries, where the functional currency is not the U.S. dollar, have been translated at year-end exchange rates, and income and expense accounts have been translated using average exchange rates throughout the year. Adjustments resulting from the process of translating an entity’s financial statements into the U.S. dollar have been recorded in the equity section of the Consolidated Balance Sheets within Accumulated other comprehensive income (loss) . Transactions that are denominated in a currency other than an entity’s functional currency are subject to changes in exchange rates with the resulting gains and losses recorded within Other income/(expense), net.
Cash and Cash Equivalents	Cash and cash equivalents include cash on hand, demand deposits and all highly liquid investments with original maturities at the time of purchase of three months or less. The Company maintains amounts on deposit at various financial institutions, which may at times exceed federally insured limits. However, management periodically evaluates the credit-worthiness of those institutions and has not experienced any losses on such deposits.
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy	The Company maintains an allowance for credit losses which represents the best estimate of expected loss inherent in the Company's accounts receivable portfolio. This estimate is based upon a two-step policy that results in the total recorded allowance for credit losses. The first step is to record a portfolio reserve based on the aging of the outstanding accounts receivable portfolio and the Company's historical experience with the Company's end markets, customer base and products. The second step is to create a specific reserve for significant accounts as to which the customer's ability to satisfy their financial obligation to the Company is in doubt due to circumstances such as bankruptcy, deteriorating operating results or financial position. In these circumstances, management uses its judgment to record an allowance based on the best estimate of expected loss, factoring in such considerations as the market value of collateral, if applicable. Actual results could differ from those estimates. These estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the Consolidated Statements of Earnings in the period that they are determined. The Company's allowance for credit losses was $44.8 million and $43.7 million as of December 31, 2023 and 2022, respectively.
Inventories	Depending on the business, U.S. inventories are stated at the lower of cost or market using the last-in, first-out (LIFO) method or the lower of cost and net realizable value (NRV) using the first-in, first-out (FIFO) method. Non-U.S. inventories are stated at the lower of cost and NRV using the FIFO method. At December 31, 2023 and 2022, approximatel y 59% and 58%, respectively, of all inventory utilized the LIFO method.
Property, Plant and Equipment	Property, plant and equipment are stated at cost, less accumulated depreciation. Assets placed in service are recorded at cost and depreciated using the straight-line method over the estimated useful life of the asset except for leasehold improvements, which are depreciated over the shorter of their economic useful life or their lease term. The range of useful lives used to depreciate property, plant and equipment is as follows: Buildings 10 to 50 years Machinery and equipment 2 to 12 years Software 2 to 7 years Major expenditures for replacements and significant improvements that increase asset values and extend useful lives are also capitalized. Capitalized costs are amortized over their estimated useful lives using the straight-line method. Repairs and maintenance expenditures that do not extend the useful life of the asset are charged to expense as incurred. The carrying amounts of assets that are sold or retired and the related accumulated depreciation are removed from the accounts in the year of disposal, and any resulting gain or loss is reflected within current earnings. The Company assesses the recoverability of the carrying value of its property, plant and equipment whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. Recoverability is measured by a comparison of the carrying amount of the asset group to the future net undiscounted cash flows expected to be generated by the asset group. If the undiscounted cash flows are less than the carrying amount of the asset group, an impairment loss is recognized for the amount by which the carrying value of the asset group exceeds the fair value of the asset group.
Goodwill and Intangible Assets	The Company records as goodwill the excess of the purchase price over the fair value of the net assets acquired in a business combination. Measurement period adjustments may be recorded once a final valuation has been performed. Goodwill and other indefinite-lived intangible assets are tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the asset is more likely than not less than the carrying amount of the asset. In addition, an interim impairment test is completed upon a triggering event or when there is a reorganization of reporting structure or disposal of all or a portion of a reporting unit. Impairment of goodwill is tested at the reporting unit level. The test compares the carrying amount of the reporting unit to its estimated fair value. If the estimated fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired. To the extent that the carrying value of the reporting unit exceeds its estimated fair value, an impairment loss would be recognized for the amount by which the reporting unit's carrying amount exceeds its fair value, not to exceed the carrying amount of goodwill in that reporting unit. Intangible assets such as customer-related intangible assets and other intangible assets with finite useful lives are amortized on a straight-line basis over their estimated economic lives. The weighted-average useful lives approximate the following: Customer relationships 15 years Other 8 years The Company assesses the recoverability of the carrying value of its intangible assets with finite useful lives whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. Recoverability is measured by a comparison of the carrying amount of an asset group to the future net undiscounted cash flows expected to be generated by the asset group. If the undiscounted cash flows are less than the carrying amount of the asset group, an impairment loss is recognized for the amount by which the carrying value of the asset group exceeds the fair value of the asset group.
Business Combinations Policy	Acquisitions that meet the definition of a business combination are recorded using the acquisition method of accounting. The Company includes the operating results of acquired entities from their respective dates of acquisition. The Company recognizes and measures the identifiable assets acquired, liabilities assumed, including contingent consideration relating to earnout provisions, and any non-controlling interest as of the acquisition date fair value. The excess, if any, of total consideration transferred in a business combination over the fair value of identifiable assets acquired, liabilities assumed and any non-controlling interest is recognized as goodwill. Costs incurred as a result of a business combination other than costs related to the issuance of debt or equity securities are recorded in the period the costs are incurred. Additionally, at each reporting period, contingent consideration is remeasured to fair value, with changes recorded in Selling and administrative expenses in the Consolidated Statements of Earnings.
Equity Method Investments	Partially-owned equity affiliates generally represent 20-50% ownership interests in equity investments where the Company demonstrates significant influence, but does not have a controlling financial interest. Partially-owned equity affiliates are accounted for under the equity method. The Company invests in companies that complement existing products and services further enhancing its product portfolio. The Company records equity investments for which it does not have significant influence and without a readily determinable fair value at cost with adjustments for observable changes in price or impairment as permitted by the measurement alternative. Investments for which the measurement alternative has been elected are assessed for impairment upon a triggering event. Equity investments without a readily determinable fair value were $69.9 million and $121.0 million for the years ended December 31, 2023 and December 31, 2022, respectively.
Compensation Related Costs, Policy	The Company provides a range of benefits, including pensions, postretirement and postemployment benefits to eligible current and former employees. Determining the cost associated with such benefits is dependent on various actuarial assumptions, including discount rates, expected return on plan assets, compensation increases, mortality, turnover rates, and healthcare cost trend rates. Actuaries perform the required calculations to determine expense in accordance with GAAP. Actual results may differ from the actuarial assumptions and are generally accumulated into Accumulated other comprehensive income (loss) and amortized into Net earnings over future periods. The Company reviews its actuarial assumptions at each measurement date and makes modifications to the assumptions based on current rates and trends, if appropriate.
Loss Contingencies	Liabilities are recorded for various contingencies arising in the normal course of business. The Company has recorded reserves in the financial statements related to these matters, which are developed using input derived from actuarial estimates and historical and anticipated experience data depending on the nature of the reserve, and in certain instances with consultation of legal counsel, internal and external consultants and engineers. Subject to the uncertainties inherent in estimating future costs for these types of liabilities, the Company believes its estimated reserves are reasonable and does not believe the final determination of the liabilities with respect to these matters would have a material effect on the financial condition, results of operations, liquidity or cash flows of the Company for any year.
Regulatory Environmental Costs, Policy	The Company is subject to laws and regulations relating to protecting the environment. Environmental expenditures relating to current operations are expensed or capitalized as appropriate. Expenditures relating to existing conditions caused by past operations, which do not contribute to current or future revenues, are expensed. Liabilities for remediation costs are recorded when they are probable and can be reasonably estimated, generally no later than the completion of feasibility studies or the Company’s commitment to a plan of action. The assessment of this liability, which is calculated based on existing remediation technology, does not reflect any offset for possible recoveries from insurance companies, and is not discounted
Asbestos Matters	Prior to the Petition Date, certain of the Company's wholly-owned subsidiaries and former companies were named as defendants in asbestos-related lawsuits in state and federal courts. The Company recorded a liability for actual and anticipated future claims as well as an asset for anticipated insurance settlements. Asbestos-related defense costs were excluded from the asbestos claims liability and were recorded separately as services were incurred. None of the Company's existing or previously-owned businesses were a producer or manufacturer of asbestos. The Company recorded certain income and expenses associated with asbestos liabilities and corresponding insurance recoveries within Discontinued operations, net of tax , as they related to previously divested businesses, except for amounts associated with the predecessor of Murray's asbestos liabilities and corresponding insurance recoveries, which were recorded within continuing operations.
Standard Product Warranty, Policy	Standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience. The Company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims, or as new information becomes available.
Extended Product Warranty, Policy	The Company's extended warranty liability represents the deferred revenue associated with its extended warranty contracts and is amortized into revenue on a straight-line basis over the life of the contract, unless another method is more representative of the costs incurred. The Company assesses the adequacy of its liability by evaluating the expected costs under its existing contracts to ensure these expected costs do not exceed the extended warranty liability.
Income Taxes	Deferred tax assets and liabilities are determined based on temporary differences between financial reporting and tax bases of assets and liabilities, applying enacted tax rates expected to be in effect for the year in which the differences are expected to reverse. The Company recognizes future tax benefits, such as net operating losses and tax credits, to the extent that realizing these benefits is considered in its judgment to be more likely than not. The Company regularly reviews the recoverability of its deferred tax assets considering its historic profitability, projected future taxable income, timing of the reversals of existing temporary differences and the feasibility of its tax planning strategies. Where appropriate, the Company records a valuation allowance with respect to a future tax benefit.
Revenue Recognition	Revenue is recognized when control of a good or service promised in a contract (i.e., performance obligation) is transferred to a customer. Control is obtained when a customer has the ability to direct the use of and obtain substantially all of the remaining benefits from that good or service. The majority of the Company's revenue is recognized at a point-in-time as control is transferred at a distinct point in time per the terms of a contract. However, a portion of the Company's revenue is recognized over-time as the customer simultaneously receives control as the Company performs work under a contract. For these arrangements, the cost-to-cost input method (percentage of completion) is used as it best depicts the transfer of control to the customer that occurs as the Company incurs costs. See Note 12, "Revenue" to the Consolidated Financial Statements for additional information regarding revenue recognition.
Research and Development Expense, Policy	The Company conducts research and development activities focused on product and system sustainability improvements such as increasing energy efficiency, developing products that allow for use of lower global warming potential refrigerants, reducing material content in products, and designing products for circularity. These expenditures are expensed when incurred. For the years ended December 31, 2023, 2022 and 2021, these expenditures amounted to $252.3 million, $211.2 million and $193.5 million, respectively.
Recent adopted accounting pronouncements	Recent Accounting Pronouncements The FASB ASC is the sole source of authoritative GAAP other than the Securities and Exchange Commission (SEC) issued rules and regulations that apply only to SEC registrants. The FASB issues an Accounting Standard Update (ASU) to communicate changes to the codification. The Company considers the applicability and impact of all ASU's. ASU's not listed below were assessed and determined to be either not applicable or are not expected to have a material impact on the consolidated financial statements. Recently Adopted Accounting Pronouncements In September 2022, the FASB issued ASU 2022-04, “Liabilities - Supplier Finance Program (Subtopic 405-50): Disclosure of Supplier Program Finance Obligations," which requires that a company that enters into a supplier finance program disclose sufficient information about the program to allow a user of financial statements to understand the program’s nature, activity during the period, changes from period to period, and potential magnitude. To achieve that objective, the company should disclose qualitative and quantitative information about its supplier finance programs. The Company adopted this standard on January 1, 2023, except for the amendment on roll forward information which is effective for fiscal years beginning after December 15, 2023. See Note 8, "Supplier Financing Arrangements" for more information regarding the Company's supplier financing program. In November 2021, the FASB issued ASU 2021-10, "Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance" (ASU 2021-10), which requires additional disclosures regarding government grants and cash contributions. The additional disclosures required by this update include information about the nature of the transactions and the related accounting policy used to account for the transaction, the financial statement line items affected by the transactions and the amounts applicable to each financial statement line item and significant terms and conditions of the transactions, including commitments and contingencies. ASU 2021-10 is effective for annual periods beginning after December 15, 2021 with early adoption permitted. The Company adopted this standard on January 1, 2022 with no material impact on its Consolidated Financial Statements. In October 2021, the FASB issued ASU 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers” (ASU 2021-08), which requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with ASC 606, “Revenue from Contracts with Customers” (ASC 606). ASU 2021-08 is effective for fiscal years beginning after December 15, 2022 including interim periods therein with early adoption permitted. The Company early adopted this standard during the fourth quarter of 2021 and applied it retrospectively to all business combinations for which the acquisition date occurred on or after January 1, 2021 resulting in no material impact on its Consolidated Financial Statements. In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes" (ASU 2019-12), which simplifies certain aspects of income tax accounting guidance in ASC 740, reducing the complexity of its application. Certain exceptions to ASC 740 presented within the ASU include: intraperiod tax allocation, deferred tax liabilities related to outside basis differences, year-to-date loss in interim periods, among others. ASU 2019-12 is effective for annual reporting periods beginning after December 15, 2020 including interim periods therein with early adoption permitted. The Company adopted this standard on January 1, 2021 with no material impact on its Consolidated Financial Statements. Accounting Pronouncements Issued but not yet Adopted In December 2023, the FASB issued ASU 2023-09, "Improvements to Income Tax Disclosures (Topic 740)" (ASU 2023-09) which improves the transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. The ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the guidance and its impact to the financial statements. In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" (ASU 2023-07) which requires public entities to disclose information about their reportable segments' oversight and significant expenses on an interim and annual basis. The ASU is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the guidance and its impact to the financial statements. In October 2023, the FASB issued ASU 2023-06, "Disclosure Improvements: Codification Amendments in Response to SEC's Disclosure Update and Simplification Initiative" (ASU 2023-06) to amend a variety of disclosure requirements in the ASC. The effective date for each amendment will be the date on with the SEC's removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective. Early adoption is prohibited. Upon adoption, this ASU is not expected to have a material impact on its financial statements and related disclosures.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Dec. 31, 2023
Schedule of Depreciation Range of Useful Lives	The range of useful lives used to depreciate property, plant and equipment is as follows: Buildings 10 to 50 years Machinery and equipment 2 to 12 years Software 2 to 7 years
Schedule of Intangible Assets Weighted Average Useful Lives	The weighted-average useful lives approximate the following: Customer relationships 15 years Other 8 years

Inventories (Tables)

Inventories (Tables)	12 Months Ended
Inventories (Tables)	Dec. 31, 2023
Inventory, Net [Abstract]
MajorClassesOfInventory [Table Text Block]	At December 31, the major classes of inventory were as follows: In millions 2023 2022 Raw materials $ 605.1 $ 509.6 Work-in-process 385.1 333.8 Finished goods 1,332.3 1,280.3 2,322.5 2,123.7 LIFO reserve (170.4) (129.9) Total $ 2,152.1 $ 1,993.8

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
Property, Plant and Equipment (Tables)	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Major Classes of Property, Plant and Equipment	At December 31, the major classes of property, plant and equipment were as follows: In millions 2023 2022 Land $ 42.3 $ 36.8 Buildings 832.8 737.7 Machinery and equipment 2,224.4 1,996.8 Software 721.4 677.3 3,820.9 3,448.6 Accumulated depreciation (2,048.7) (1,912.5) Total $ 1,772.2 $ 1,536.1

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
Goodwill (Tables)	Dec. 31, 2023
Goodwill Abstract
Changes in Goodwill Carrying Amounts	The changes in the carrying amount of goodwill are as follows: In millions Americas EMEA Asia Pacific Total Net balance as of December 31, 2021 $ 4,185.2 $ 740.8 $ 578.8 $ 5,504.8 Acquisitions (1) 45.3 23.9 27.1 96.3 Currency translation (3.7) (49.8) (43.9) (97.4) Net balance as of December 31, 2022 4,226.8 714.9 562.0 5,503.7 Acquisitions (1) 453.7 112.8 — 566.5 Measurement period adjustments (8.7) 10.0 (0.1) 1.2 Currency translation 3.5 31.3 (10.9) 23.9 Net balance as of December 31, 2023 $ 4,675.3 $ 869.0 $ 551.0 $ 6,095.3 (1) Refer to Note 17, "Acquisitions and Divestitures" for more information regarding acquisitions. The net goodwill balances at December 31, 2023, 2022 and 2021 include $2,496.0 million of accumulated impairment, primarily related to the Americas segment. The accumulated impairment relates entirely to a charge recorded in 2008.

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
Intangible Assets (Tables)	Dec. 31, 2023
Intangible Assets Abstract
Schedule Of Intangible Asset Excluding Goodwill	The following table sets forth the gross amount and related accumulated amortization of the Company’s intangible assets at December 31: 2023 2022 In millions Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer relationships $ 2,384.4 $ (1,731.4) $ 653.0 $ 2,183.7 $ (1,592.1) $ 591.6 Other 419.6 (243.1) 176.5 261.7 (213.4) 48.3 Total finite-lived intangible assets $ 2,804.0 $ (1,974.5) $ 829.5 $ 2,445.4 $ (1,805.5) $ 639.9 Trademarks (indefinite-lived) 2,610.3 — 2,610.3 2,624.1 — 2,624.1 Total $ 5,414.3 $ (1,974.5) $ 3,439.8 $ 5,069.5 $ (1,805.5) $ 3,264.0
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Future estimated amortization expense on existing intangible assets in the next five years as of December 31, 2023 amounts to approximately: In millions 2024 $ 178 2025 146 2026 93 2027 64 2028 45

Debt and Credit Facilities (Tab

Debt and Credit Facilities (Tables)	12 Months Ended
Debt and Credit Facilities (Tables)	Dec. 31, 2023
Debt Disclosure [Abstract]
Short-Term Borrowings and Current Maturities of Long-Term Debt	At December 31, Short-term borrowings and current maturities of long-term debt consisted of the following: In millions 2023 2022 Debentures with put feature $ 295.0 $ 340.8 4.250% Senior notes due 2023 — 699.7 3.550% Senior notes due 2024 499.4 — Other current maturities of long-term debt 7.5 7.5 Total $ 801.9 $ 1,048.0
Long-Term Debt Excluding Current Maturities	At December 31, long-term debt excluding current maturities consisted of: In millions 2023 2022 7.200% Debentures due 2024-2025 $ 7.5 $ 14.9 3.550% Senior notes due 2024 — 498.7 6.480% Debentures due 2025 149.7 149.7 3.500% Senior notes due 2026 398.9 398.4 3.750% Senior notes due 2028 547.3 546.8 3.800% Senior notes due 2029 746.4 745.8 5.250% Senior notes due 2033 693.3 — 5.750% Senior notes due 2043 495.4 495.2 4.650% Senior notes due 2044 296.6 296.4 4.300% Senior notes due 2048 296.6 296.4 4.500% Senior notes due 2049 346.2 346.0 Total $ 3,977.9 $ 3,788.3
Schedule of Long-Term Debt Maturities and Repayments of Principle	Scheduled maturities of long-term debt, including current maturities, as of December 31, 2023 are as follows: In millions 2024 $ 801.9 2025 157.2 2026 398.9 2027 — 2028 547.3 Thereafter 2,874.5 Total $ 4,779.8

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Dec. 31, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2023: In millions Fair Value Fair value measurements Level 1 Level 2 Level 3 Assets: Derivative instruments $ 4.1 $ — $ 4.1 $ — Liabilities: Derivative instruments 4.8 — 4.8 — Contingent consideration 90.3 — — 90.3	The following table presents the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2022: In Millions Fair Value Fair value measurements Level 1 Level 2 Level 3 Assets: Derivative instruments $ 5.1 $ — $ 5.1 $ — Liabilities: Derivative instruments 11.9 — 11.9 — Contingent consideration 49.3 — — 49.3
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The changes in the fair value of the Company's Level 3 liabilities during the years ended December 31, 2023 and 2022 are as follows: In millions 2023 2022 Balance at beginning of period $ 49.3 $ 96.2 Fair value of contingent consideration recorded in connection with acquisitions 90.3 — Change in fair value of contingent consideration (49.3) (46.9) Balance at end of period $ 90.3 $ 49.3
Fair Value Measurement Inputs and Valuation Techniques	The following inputs and assumptions were used in the Monte Carlo simulation model of Nuvolo to estimate the fair value of the contingent consideration at December 31, 2023: 2023 Discount rate (risk adjusted) 8.14% - 8.48 Volatility 16.20 % The following inputs and assumptions were used in the Monte Carlo simulation model of Farrar to estimate the fair value of the contingent consideration at December 31, 2023 and 2022: 2023 2022 Discount rate 13.00 % 12.00 % Volatility 20.00 % 20.00 %	The following inputs and assumptions were used in the Monte Carlo simulation model of Farrar to estimate the fair value of the contingent consideration at December 31, 2023 and 2022: 2023 2022 Discount rate 13.00 % 12.00 % Volatility 20.00 % 20.00 %

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2023
Leases [Abstract]
ScheduleofSupplementalBalanceSheetInformationRelatedtoLeases	The following table includes a summary of the Company's lease portfolio and Balance Sheet classification: In millions Classification December 31, December 31, Assets Operating lease right-of-use assets (1) Other noncurrent assets $ 513.1 $ 462.5 Liabilities Operating lease current Other current liabilities 155.4 155.8 Operating lease noncurrent Other noncurrent liabilities 367.3 313.5 Weighted average remaining lease term 5.0 years 3.9 years Weighted average discount rate 4.5 % 3.0 % (1) Prepaid lease payments and lease incentives are recorded as part of the right-of-use asset. The net impact was $9.6 million and $6.8 million at December 31, 2023 and December 31, 2022, respectively.
Lease, Cost [Table Text Block]	The following table includes lease costs and related cash flow information for the years ended December 31: In millions 2023 2022 Operating lease expense $ 187.8 $ 179.4 Variable lease expense 31.0 28.2 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 185.3 179.0 Right-of-use assets obtained in exchange for new operating lease liabilities 179.2 177.0
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Maturities of lease obligations were as follows: In millions December 31, Operating leases: 2024 $ 179.4 2025 137.2 2026 106.2 2027 67.5 2028 37.9 After 2028 87.3 Total lease payments $ 615.5 Less: Interest (92.8) Present value of lease liabilities $ 522.7

Pensions and Postretirement B_2

Pensions and Postretirement Benefits Other than Pensions (Tables)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan, Assumptions [Table Text Block]	Weighted-average assumptions used to determine net periodic pension cost for the years ended December 31 were as follows: 2023 2022 2021 Discount rate: U.S. plans Service cost 5.48 % 3.06 % 2.75 % Interest cost 5.35 % 2.36 % 1.82 % Non-U.S. plans Service cost 4.82 % 2.07 % 1.56 % Interest cost 4.65 % 1.62 % 1.09 % Rate of compensation increase: U.S. plans 4.25 % 4.00 % 4.00 % Non-U.S. plans 4.23 % 4.00 % 4.00 % Expected return on plan assets: U.S. plans 6.25 % 4.00 % 4.00 % Non-U.S. plans 5.02 % 2.50 % 2.25 %
Pension Plans [Member]
Schedule of Changes in Projected Benefit Obligations [Table Text Block]	The following table details information regarding the Company’s pension plans at December 31: In millions 2023 2022 Change in benefit obligations: Benefit obligation at beginning of year $ 2,386.1 $ 3,394.5 Service cost 34.4 47.5 Interest cost 119.6 70.3 Employee contributions 1.0 0.9 Actuarial (gains) losses (1) 63.7 (810.3) Benefits paid (187.9) (243.1) Currency translation 22.0 (59.6) Curtailments, settlements and special termination benefits (2.4) (5.0) Other, including expenses paid (24.0) (9.1) Benefit obligation at end of year $ 2,412.5 $ 2,386.1 Change in plan assets: Fair value at beginning of year $ 2,051.6 $ 2,993.8 Actual return on assets 192.2 (706.7) Company contributions 93.5 90.5 Employee contributions 1.0 0.9 Benefits paid (187.9) (243.1) Currency translation 22.9 (62.6) Settlements (2.4) (5.0) Other, including expenses paid (25.2) (16.2) Fair value of assets end of year $ 2,145.7 $ 2,051.6 Net unfunded liability $ (266.8) $ (334.5) Amounts included in the balance sheet: Other noncurrent assets $ 52.5 $ 61.0 Accrued compensation and benefits (10.8) (27.3) Postemployment and other benefit liabilities (308.5) (368.2) Net amount recognized $ (266.8) $ (334.5)
Schedule of Comprehensive Income (Loss) [Table Text Block]	The pretax amounts recognized in Accumulated other comprehensive income (loss) were as follows: In millions Prior service benefit (cost) Net actuarial gains (losses) Total December 31, 2022 $ (20.9) $ (509.8) $ (530.7) Current year changes recorded to AOCI — 9.4 9.4 Amortization reclassified to earnings 3.6 16.2 19.8 Settlements/curtailments reclassified to earnings — 1.4 1.4 Currency translation and other (0.7) (3.0) (3.7) December 31, 2023 $ (18.0) $ (485.8) $ (503.8)
Defined Benefit Plan, Assumptions [Table Text Block]	Weighted-average assumptions used to determine the benefit obligation at December 31 were as follows: 2023 2022 Discount rate: U.S. plans 5.16 % 5.51 % Non-U.S. plans 4.18 % 4.63 % Rate of compensation increase: U.S. plans 4.02 % 4.00 % Non-U.S. plans 4.07 % 4.25 %
Schedule of Expected Benefit Payments [Table Text Block]	Pension benefit payments are expected to be paid as follows: In millions 2024 $ 187.7 2025 195.5 2026 184.9 2027 192.5 2028 178.4 2029-2033 871.8
Schedule of Net Benefit Costs [Table Text Block]	The components of the Company’s net periodic pension benefit costs for the years ended December 31 include the following: In millions 2023 2022 2021 Service cost $ 34.4 $ 47.5 $ 50.9 Interest cost 119.6 70.3 58.6 Expected return on plan assets (120.3) (103.8) (106.2) Net amortization of: Prior service costs (benefits) 3.6 3.9 5.0 Plan net actuarial (gains) losses 16.2 23.3 35.6 Net periodic pension benefit cost 53.5 41.2 43.9 Net curtailment, settlement, and special termination benefits (gains) losses 1.4 15.0 8.0 Net periodic pension benefit cost after net curtailment and settlement (gains) losses $ 54.9 $ 56.2 $ 51.9 Amounts recorded in continuing operations: Operating income $ 29.6 $ 43.2 $ 47.1 Other income/(expense), net 18.6 9.2 (0.9) Amounts recorded in discontinued operations 6.7 3.8 5.7 Total $ 54.9 $ 56.2 $ 51.9
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	The fair values of the Company’s pension plan assets at December 31, 2023 by asset category were as follows: Fair value measurements Net asset value Total In millions Level 1 Level 2 Level 3 Cash and cash equivalents $ 4.7 $ 43.9 $ — $ — $ 48.6 Equity investments: Registered mutual funds – equity specialty — — — 78.7 78.7 Commingled funds – equity specialty — — — 262.4 262.4 — — — 341.1 341.1 Fixed income investments: U.S. government and agency obligations — 355.7 — — 355.7 Corporate and non-U.S. bonds (a) — 1,079.5 — — 1,079.5 Asset-backed and mortgage-backed securities — 12.5 — — 12.5 Registered mutual funds – fixed income specialty — — — 96.1 96.1 Commingled funds – fixed income specialty — — — 75.0 75.0 Other fixed income (b) — — 31.2 — 31.2 — 1,447.7 31.2 171.1 1,650.0 Derivatives — 5.9 — — 5.9 Other (d) — — 89.7 — 89.7 Total assets at fair value $ 4.7 $ 1,497.5 $ 120.9 $ 512.2 $ 2,135.3 Receivables and payables, net 10.4 Net assets available for benefits $ 2,145.7	The fair values of the Company’s pension plan assets at December 31, 2022 by asset category were as follows: Fair value measurements Net asset value Total In millions Level 1 Level 2 Level 3 Cash and cash equivalents $ 3.3 $ 50.6 $ — $ — $ 53.9 Equity investments: Registered mutual funds – equity specialty — — — 68.0 68.0 Commingled funds – equity specialty — — — 244.5 244.5 — — — 312.5 312.5 Fixed income investments: U.S. government and agency obligations — 323.6 — — 323.6 Corporate and non-U.S. bonds (a) — 1,065.7 — — 1,065.7 Asset-backed and mortgage-backed securities — 12.5 — — 12.5 Registered mutual funds – fixed income specialty — — — 105.0 105.0 Commingled funds – fixed income specialty — — — 61.7 61.7 Other fixed income (b) — — 29.3 — 29.3 — 1,401.8 29.3 166.7 1,597.8 Derivatives — (1.5) — — (1.5) Real estate (c) — — 0.9 — 0.9 Other (d) — — 79.6 — 79.6 Total assets at fair value $ 3.3 $ 1,450.9 $ 109.8 $ 479.2 $ 2,043.2 Receivables and payables, net 8.4 Net assets available for benefits $ 2,051.6 (a) This class includes state and municipal bonds. (b) This class includes group annuity and guaranteed interest contracts. (c) This class includes a private equity fund that invests in real estate. (d) This investment comprises the Company's non-significant, non-US pension plan assets. It primarily includes insurance contracts.
Postretirement [Member]
Schedule of Changes in Projected Benefit Obligations [Table Text Block]	The following table details changes in the Company’s postretirement plan benefit obligations for the years ended December 31: In millions 2023 2022 Benefit obligation at beginning of year $ 266.4 $ 342.2 Service cost 1.4 1.8 Interest cost 13.3 6.9 Plan participants’ contributions — 5.7 Actuarial (gains) losses (1) (7.4) (53.7) Benefits paid, net of Medicare Part D subsidy (2) (32.4) (39.8) Amendments — 3.3 Benefit obligations at end of year $ 241.3 $ 266.4 (1) Actuarial gains in fiscal year 2023 primarily due to plan experience. Actuarial gains in fiscal year 2022 primarily resulted from changes in discount rates. (2) Amounts are net of Medicare Part D subsidy of $0.4 million in both 2023 and 2022.
Schedule of Comprehensive Income (Loss) [Table Text Block]	The pre-tax amounts recognized in Accumulated other comprehensive income (loss) were as follows: In millions Prior service benefit (cost) Net actuarial gains (losses) Total Balance at December 31, 2022 $ (3.3) $ 120.5 $ 117.2 Current year changes recorded to AOCI — 7.4 7.4 Amortization reclassified to earnings 0.6 (13.0) (12.4) Balance at December 31, 2023 $ (2.7) $ 114.9 $ 112.2
Defined Benefit Plan, Assumptions [Table Text Block]	2023 2022 2021 Discount rate: Benefit obligations at December 31 5.17 % 5.51 % 2.73 % Net periodic benefit cost Service cost 5.54 % 2.82 % 2.40 % Interest cost 5.38 % 2.33 % 1.84 % Assumed health-care cost trend rates at December 31: Current year medical inflation 6.28 % 6.50 % 6.25 % Ultimate inflation rate 5.00 % 5.00 % 4.75 % Year that the rate reaches the ultimate trend rate 2029 2028 2028
Schedule of Expected Benefit Payments [Table Text Block]	Benefit payments for postretirement benefits, which are net of expected plan participant contributions and Medicare Part D subsidy, are expected to be paid as follows: In millions 2024 $ 30.1 2025 28.2 2026 26.5 2027 24.8 2028 23.3 2029—2033 93.3
Schedule of Net Funded Status [Table Text Block]	The benefit plan obligations are reflected in the Consolidated Balance Sheets as follows: In millions December 31, 2023 December 31, 2022 Accrued compensation and benefits $ (29.3) $ (34.2) Postemployment and other benefit liabilities (212.0) (232.2) Total $ (241.3) $ (266.4)
Schedule of Costs of Retirement Plans [Table Text Block]	The components of net periodic postretirement benefit cost for the years ended December 31 were as follows: In millions 2023 2022 2021 Service cost $ 1.4 $ 1.8 $ 2.1 Interest cost 13.3 6.9 5.5 Net amortization of: Prior service costs (benefits) 0.6 — — Plan net actuarial (gains) losses (13.0) (5.6) (2.0) Net periodic postretirement benefit cost $ 2.3 $ 3.1 $ 5.6 Amounts recorded in continuing operations: Operating income $ 1.4 $ 1.8 $ 2.1 Other income/(expense), net 1.4 1.4 2.5 Amounts recorded in discontinued operations (0.5) (0.1) 1.0 Total $ 2.3 $ 3.1 $ 5.6

Revenue (Tables)

Revenue (Tables)	12 Months Ended
Revenue (Tables)	Dec. 31, 2023
Disaggregation of Revenue [Abstract]
Disaggregation of Revenue [Table Text Block]	Net revenues by geography and major type of good or service for the years ended at December 31 were as follows: In millions 2023 2022 2021 Americas Equipment $ 9,259.7 $ 8,575.1 $ 7,319.8 Services 4,572.3 4,065.7 3,637.3 Total Americas $ 13,832.0 $ 12,640.8 $ 10,957.1 EMEA Equipment $ 1,700.5 $ 1,420.9 $ 1,328.0 Services 700.7 613.6 616.9 Total EMEA $ 2,401.2 $ 2,034.5 $ 1,944.9 Asia Pacific Equipment $ 1,015.2 $ 934.8 $ 851.0 Services 429.2 381.6 383.4 Total Asia Pacific $ 1,444.4 $ 1,316.4 $ 1,234.4 Total Net revenues $ 17,677.6 $ 15,991.7 $ 14,136.4
Contract with Customer, Asset and Liability [Table Text Block]	The opening and closing balances of contract assets and contract liabilities arising from contracts with customers for the period ended December 31, 2023 and December 31, 2022 were as follows: In millions Location on Consolidated Balance Sheet 2023 2022 Contract assets - current Other current assets $ 458.4 $ 201.2 Contract assets - noncurrent Other noncurrent assets — 239.6 Contract liabilities - current Accrued expenses and other current liabilities 1,301.2 1,010.6 Contract liabilities - noncurrent Other noncurrent liabilities 247.2 471.4 The timing of revenue recognition, billings and cash collections results in accounts receivable, contract assets, and customer advances and deposits (contract liabilities) on the Consolidated Balance Sheets. In general, the Company receives payments from customers based on a billing schedule established in its contracts. Contract assets relate to the conditional right to consideration for any completed performance under the contract when costs are incurred in excess of billings under the percentage of completion methodology. Accounts receivable are recorded when the right to consideration becomes unconditional. Contract liabilities relate to payments received in advance of performance under the contract or when the Company has a right to consideration that is unconditional before it transfers a good or service to the customer. Contract liabilities are recognized as revenue as (or when) the Company performs under the contract. During the fourth quarter of 2023, the Company reclassified $249.0 million and $254.1 million of noncurrent contract assets and liabilities, respectively, to current contract assets and liabilities based on expected contract fulfillment in 2024. During the years ended December 31, 2023 and 2022, changes in contract asset and liability balances were not materially impacted by any other factors. Approximately 58% of the contract liability balance at December 31, 2022 was recognized as revenue during the year ended December 31, 2023. Additionally, approximately 16% of the contract liability balance at December 31, 2023 was classified as noncurrent and not expected to be recognized as revenue in the next 12 months.

Equity (Tables)

Equity (Tables)	12 Months Ended
Equity (Tables)	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Reconciliation of Ordinary Shares	The changes in ordinary shares and treasury shares for the year ended December 31, 2023 were as follows: In millions Ordinary shares issued Ordinary shares held in treasury December 31, 2022 253.3 24.5 Shares issued under incentive plans 1.7 — Repurchase of ordinary shares (3.3) — December 31, 2023 251.7 24.5
Components of Accumulated Other Comprehensive Income (Loss)	The changes in Accumulated other comprehensive income (loss) were as follows: In millions Derivative Instruments Pension and OPEB Items Foreign Currency Translation Total December 31, 2021 $ 7.1 $ (297.9) $ (346.8) $ (637.6) Other comprehensive income (loss) attributable to Trane Technologies plc (11.6) 83.8 (200.8) (128.6) December 31, 2022 $ (4.5) $ (214.1) $ (547.6) $ (766.2) Other comprehensive income (loss) attributable to Trane Technologies plc 7.5 15.2 72.7 95.4 December 31, 2023 $ 3.0 $ (198.9) $ (474.9) $ (670.8)
Other Comprehensive Income, Noncontrolling Interest [Text Block]	The amounts of Other comprehensive income (loss) attributable to noncontrolling interests for 2023, 2022 and 2021 were $(0.2) million, $(1.9) million and $(1.7) million, respectively, related to currency translation. Additionally, Other comprehensive income (loss) attributable to noncontrolling interests for 2023, 2022, and 2021 includes $0.5 million, $0.3 million, and $1.2 million, respectively, related to pension and postretirement obligation adjustments.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
Share-Based Compensation (Tables)	Dec. 31, 2023
Share-Based Payment Arrangement, Disclosure [Abstract]
Share-based Payment Arrangement, Cost by Plan [Table Text Block]	The following table summarizes the expenses recognized: In millions 2023 2022 2021 Stock options $ 16.1 $ 14.1 $ 16.7 RSUs 23.5 19.7 21.9 PSUs 23.2 20.7 26.1 Deferred compensation 4.3 1.2 3.0 Pre-tax expense 67.1 55.7 67.7 Tax benefit (16.3) (13.5) (16.4) After-tax expense $ 50.8 $ 42.2 $ 51.3 Amounts recorded in continuing operations $ 50.8 $ 42.6 $ 51.3 Amounts recorded in discontinued operations — (0.4) — Total $ 50.8 $ 42.2 $ 51.3
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The following assumptions were used during the year ended December 31: 2023 2022 2021 Dividend yield 1.50 % 1.60 % 1.60 % Volatility 29.37 % 28.23 % 27.90 % Risk-free rate of return 3.62 % 1.56 % 0.45 % Expected life in years 4.8 4.8 4.8
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Changes in options outstanding under the plans for the years 2023, 2022 and 2021 were as follows: Shares Weighted- Aggregate Weighted- December 31, 2020 5,719,358 $ 70.53 Granted 589,417 150.34 Exercised (1,872,069) 64.74 Cancelled (25,706) 115.33 December 31, 2021 4,411,000 $ 83.39 Granted 430,496 167.93 Exercised (633,962) 66.06 Cancelled (57,050) 137.38 December 31, 2022 4,150,484 $ 94.06 Granted 425,444 182.27 Exercised (1,382,846) 80.67 Cancelled (21,365) 168.18 Outstanding December 31, 2023 3,171,717 $ 111.23 $ 420.8 5.4 Exercisable December 31, 2023 2,284,656 $ 88.17 $ 355.8 4.3
Share-based Payment Arrangement, Activity [Table Text Block]	The following table summarizes information concerning currently outstanding and exercisable options: Options outstanding Options exercisable Range of Number Weighted- Weighted- Number Weighted- Weighted- $ 25.01 — $ 50.00 213,462 1.8 $ 40.10 213,462 1.8 $ 40.10 50.01 — 75.00 757,205 3.1 66.35 757,205 3.1 66.35 75.01 — 100.00 506,855 4.1 78.99 506,855 4.1 78.99 100.01 — 125.00 464,452 5.7 105.28 464,452 5.7 105.28 125.01 — 150.00 406,450 6.4 148.62 213,678 6.8 148.95 150.01 — 175.00 415,977 7.9 167.58 113,426 7.8 167.16 175.01 — 200.00 373,227 8.9 181.30 15,578 7.5 186.83 200.01 — 250.00 34,089 9.8 213.59 — — — $ 46.64 — $ 231.35 3,171,717 5.4 $ 111.23 2,284,656 4.3 $ 88.17
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	The following table summarizes RSU activity for the years 2023, 2022 and 2021: RSUs Weighted- Outstanding and unvested at December 31, 2020 489,522 $ 87.75 Granted 153,806 154.33 Vested (266,041) 82.18 Cancelled (6,257) 115.11 Outstanding and unvested at December 31, 2021 371,030 $ 118.88 Granted 139,730 165.07 Vested (202,172) 107.29 Cancelled (13,935) 136.89 Outstanding and unvested at December 31, 2022 294,653 $ 147.88 Granted 214,425 184.35 Vested (154,134) 134.87 Cancelled (13,153) 173.28 Outstanding and unvested at December 31, 2023 341,791 $ 175.65
Schedule of Share-based Compensation, Performance Shares [Table Text Block]	The following table summarizes PSU activity for the maximum number of shares that may be issued for the years 2023, 2022 and 2021: PSUs Weighted-average grant date fair value Outstanding and unvested at December 31, 2020 1,018,472 $ 99.53 Granted 284,300 181.84 Vested (419,088) 82.93 Forfeited (81,728) 160.86 Outstanding and unvested at December 31, 2021 801,956 $ 131.14 Granted 195,930 170.31 Vested (346,540) 89.70 Forfeited (42,320) 164.21 Outstanding and unvested at December 31, 2022 609,026 $ 165.02 Granted 208,046 207.23 Vested (237,586) 147.33 Forfeited (20,526) 186.32 Outstanding and unvested at December 31, 2023 558,960 $ 187.47
Share Based Compensation Stock Option And Restricted Stock Units Granted [Text Block]	Grants issued during the years ended December 31 were as follows: 2023 2022 2021 Number Granted Weighted-average fair value per award Number Granted Weighted-average fair value per award Number Granted Weighted-average fair value per award Stock options 425,444 $ 47.53 430,496 $ 35.96 589,417 $ 29.62 RSUs 214,425 $ 184.35 139,730 $ 165.07 153,806 $ 154.33 Performance shares (1) 208,046 $ 207.23 195,930 $ 170.31 284,300 $ 181.84 (1)

Other, Net (Tables)

Other, Net (Tables)	12 Months Ended
Other, Net (Tables)	Dec. 31, 2023
Other Net [Abstract]
Other, Net	The components of Other income/(expense), net for the years ended December 31, 2023, 2022 and 2021 were as follows: In millions 2023 2022 2021 Interest income $ 15.4 $ 9.2 $ 4.0 Foreign currency exchange loss (20.1) (17.9) (10.7) Other components of net periodic benefit credit/(cost) (20.0) (10.6) (1.6) Other activity, net (67.5) (4.0) 9.4 Other income/(expense), net $ (92.2) $ (23.3) $ 1.1

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Earnings before income taxes for the years ended December 31 were taxed within the following jurisdictions: In millions 2023 2022 2021 United States $ 1,690.7 $ 1,312.3 $ 995.5 Non-U.S. 876.6 859.8 795.2 Total $ 2,567.3 $ 2,172.1 $ 1,790.7
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The components of the Provision for income taxes for the years ended December 31 were as follows: In millions 2023 2022 2021 Current tax expense (benefit): United States $ 377.6 $ 180.4 $ 247.0 Non-U.S. 174.3 127.7 111.7 Total: 551.9 308.1 358.7 Deferred tax expense (benefit): United States (18.8) 66.5 (42.5) Non-U.S. (34.7) 1.3 17.3 Total: (53.5) 67.8 (25.2) Total tax expense (benefit): United States 358.8 246.9 204.5 Non-U.S. 139.6 129.0 129.0 Total $ 498.4 $ 375.9 $ 333.5
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The Provision for income taxes differs from the amount of income taxes determined by applying the applicable U.S. statutory income tax rate to pretax income, as a result of the following differences: Percent of pretax income 2023 2022 2021 Statutory U.S. rate 21.0 % 21.0 % 21.0 % Increase (decrease) in rates resulting from: Non-U.S. tax rate differential (1.9) (2.8) (2.8) Tax on U.S. subsidiaries on non-U.S. earnings (a) (0.4) 0.3 (0.3) State and local income taxes (b) 3.2 1.1 2.0 Valuation allowances (c) (1.2) (0.7) (1.1) Stock based compensation (1.2) (0.8) (1.8) Other adjustments (0.1) (0.8) 1.6 Effective tax rate 19.4 % 17.3 % 18.6 % (a) Net of foreign tax credits (b) Net of changes in state valuation allowances (c) Primarily federal and non-U.S., excludes state valuation allowances
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	A summary of the deferred tax accounts at December 31 were as follows: In millions 2023 2022 Deferred tax assets: Inventory and accounts receivable $ 11.8 $ 11.2 Depreciable and amortizable assets 1.4 2.6 Operating lease liabilities 122.4 112.0 Postemployment and other benefit liabilities 239.2 254.6 Product liability 7.3 5.5 Other reserves and accruals 198.6 181.5 Net operating losses and credit carryforwards 287.4 346.0 Other 41.4 40.7 Gross deferred tax assets 909.5 954.1 Less: deferred tax valuation allowances (164.0) (199.8) Deferred tax assets net of valuation allowances $ 745.5 $ 754.3 Deferred tax liabilities: Inventory and accounts receivable $ (15.3) $ (50.7) Depreciable and amortizable assets (1,073.2) (1,069.0) Operating lease right-of-use assets (120.2) (110.4) Postemployment and other benefit liabilities (13.0) (15.7) Other reserves and accruals (2.2) (5.5) Undistributed earnings of foreign subsidiaries (35.5) (28.0) Other 0.7 (1.6) Gross deferred tax liabilities (1,258.7) (1,280.9) Net deferred tax assets (liabilities) $ (513.2) $ (526.6)
Summary of Tax Credit Carryforwards [Table Text Block]	At December 31, 2023, the Company had the following operating loss, capital loss and tax credit carryforwards available to offset taxable income in prior and future years: In millions Amount Expiration U.S. Federal net operating loss carryforwards $ 113.9 2024-Unlimited U.S. Federal credit carryforwards 95.0 2026-2043 U.S. State net operating loss carryforwards 2,497.0 2024-Unlimited U.S. State credit carryforwards 27.1 2024-Unlimited Non-U.S. net operating loss carryforwards 477.3 2024-Unlimited Non-U.S. credit carryforwards 17.3 Unlimited
Summary of Valuation Allowance	Activity associated with the Company’s valuation allowance is as follows: In millions 2023 2022 2021 Beginning balance $ 199.8 $ 258.6 $ 320.5 Increase to valuation allowance 24.3 5.9 86.5 Decrease to valuation allowance (57.8) (65.1) (113.5) Write off against valuation allowance (2.2) — (33.0) Acquisition and purchase accounting 1.3 — — Accumulated other comprehensive income (loss) (1.4) 0.4 (1.9) Ending balance $ 164.0 $ 199.8 $ 258.6
Summary of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: In millions 2023 2022 2021 Beginning balance $ 82.4 $ 65.2 $ 65.4 Additions based on tax positions related to the current year 3.6 3.9 1.0 Additions based on tax positions related to prior years 0.6 22.5 5.1 Reductions based on tax positions related to prior years (0.5) (5.9) (2.4) Reductions related to settlements with tax authorities (1.4) (0.9) (0.1) Reductions related to lapses of statute of limitations (1.0) (0.6) (1.0) Translation (gain) loss 1.2 (1.8) (2.8) Ending balance $ 84.9 $ 82.4 $ 65.2

Business Combinations (Tables)

Business Combinations (Tables)		12 Months Ended
Business Combinations (Tables)	Oct. 15, 2021	Dec. 31, 2023	Dec. 31, 2022
Business Combinations [Abstract]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	In millions Weighted-average useful life (in years) October 15, 2021 Customer relationships 14 $ 105.2 Other 6 35.5 Total intangible assets $ 140.7	In millions Weighted-average useful life (in years) Fair value Customer relationships 13 $ 189.9 Developed technology 9 107.1 Other 6 33.0 Total intangible assets $ 330.0	In millions Weighted-average useful life (in years) Fair value Customer relationships 15 $ 82.9 Other 6 19.2 Total intangible assets $ 102.1
Summarized Financial Information For Discontinued Operations Text Block [Table Text Block]		The components of Discontinued operations, net of tax for the years ended December 31 were as follows: In millions 2023 2022 2021 Pre-tax earnings (loss) from discontinued operations (34.7) (26.9) (39.3) Tax benefit (expense) 7.5 5.4 18.7 Discontinued operations, net of tax $ (27.2) $ (21.5) $ (20.6)

Earnings Per Share (EPS) (Table

Earnings Per Share (EPS) (Tables)	12 Months Ended
Earnings Per Share (EPS) (Tables)	Dec. 31, 2023
Earnings Per Share [Abstract]
Weighted-Average Number of Ordinary Shares Outstanding for Basic and Diluted Earnings Per Share Calculations	The following table summarizes the weighted-average number of ordinary shares outstanding for basic and diluted earnings per share calculations: In millions 2023 2022 2021 Weighted-average number of basic shares outstanding 228.6 232.6 238.7 Shares issuable under incentive share plans 2.1 2.3 3.6 Weighted-average number of diluted shares outstanding 230.7 234.9 242.3 Anti-dilutive shares 0.4 0.8 — Dividends declared per ordinary share $ 3.00 $ 2.68 $ 2.36

Business Segment Information (T

Business Segment Information (Tables)	12 Months Ended
Business Segment Information (Tables)	Dec. 31, 2023
Schedule of Segment Reporting Information by Segment	A summary of operations by reportable segment for the years ended December 31 were as follows: In millions 2023 2022 2021 Net revenues Americas $ 13,832.0 $ 12,640.8 $ 10,957.1 EMEA 2,401.2 2,034.5 1,944.9 Asia Pacific 1,444.4 1,316.4 1,234.4 Total Net revenues $ 17,677.6 $ 15,991.7 $ 14,136.4 Segment Adjusted EBITDA Americas $ 2,669.6 2,326.3 2,008.8 EMEA 464.7 338.1 359.2 Asia Pacific 321.3 248.3 228.5 Total Segment Adjusted EBITDA $ 3,455.6 $ 2,912.7 $ 2,596.5 Reconciliation of Segment Adjusted EBITDA to earnings before income taxes Total Segment Adjusted EBITDA $ 3,455.6 $ 2,912.7 $ 2,596.5 Interest expense (234.5) (223.5) (233.7) Depreciation and amortization (348.1) (323.6) (299.4) Restructuring costs (15.1) (20.7) (27.0) Non-cash adjustments for contingent consideration 49.3 46.9 — Insurance settlements on property claims 10.0 25.0 — Impairment of equity investment (52.2) — — Acquisition inventory step-up (6.4) (0.8) — Unallocated corporate expenses (291.3) (243.9) (245.7) Earnings before income taxes $ 2,567.3 $ 2,172.1 $ 1,790.7 Depreciation and Amortization Americas $ 259.2 $ 256.9 $ 227.6 EMEA 51.4 28.8 33.3 Asia Pacific 19.1 17.6 16.5 Depreciation and amortization from reportable segments $ 329.7 $ 303.3 $ 277.4 Unallocated depreciation and amortization 18.4 20.3 22.0 Total depreciation and amortization $ 348.1 $ 323.6 $ 299.4 Capital Expenditures Americas $ 217.2 $ 230.5 $ 148.7 EMEA 31.9 25.9 23.6 Asia Pacific 14.3 11.2 20.6 Capital expenditures from reportable segments $ 263.4 $ 267.6 $ 192.9 Corporate capital expenditures 37.3 24.2 30.1 Total capital expenditures $ 300.7 $ 291.8 $ 223.0
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	At December 31, a summary of long-lived assets by geographic area were as follows: In millions 2023 2022 United States $ 1,618.6 $ 1,413.8 Non-U.S. 666.7 584.8 Total $ 2,285.3 $ 1,998.6

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
Commitments and Contingencies (Tables)	Dec. 31, 2023
Schedule of Product Warranty Liability [Table Text Block]	The changes in the standard product warranty liability for the years ended December 31, were as follows: In millions 2023 2022 Balance at beginning of period $ 323.6 $ 296.2 Reductions for payments (146.5) (127.3) Accruals for warranties issued during the current period 187.0 156.6 Changes to accruals related to preexisting warranties 9.1 1.2 Translation 0.7 (3.1) Balance at end of period $ 373.9 $ 323.6
Extended Warranty [Member]
Schedule of Product Warranty Liability [Table Text Block]	The changes in the extended warranty liability for the years ended December 31, were as follows: In millions 2023 2022 Balance at beginning of period $ 317.7 $ 311.7 Amortization of deferred revenue for the period (118.6) (117.4) Additions for extended warranties issued during the period 148.6 125.1 Changes to accruals related to preexisting warranties 0.9 0.3 Translation 0.8 (2.0) Balance at end of period $ 349.4 $ 317.7

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Percentage of LIFO inventory	59%	58%
Allowance for doubtful accounts receivable, current	$ (44.8)	$ (43.7)
Research and development expense	252.3	211.2	$ 193.5
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	$ 2,426.8	$ 1,698.7	$ 1,594.4

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Depreciation) (Details)	Dec. 31, 2023
Minimum [Member] \| Buildings [Member]
Property, plant and equipment, useful life	10 years
Minimum [Member] \| Machinery and Equipment [Member]
Property, plant and equipment, useful life	2 years
Minimum [Member] \| Software [Member]
Property, plant and equipment, useful life	2 years
Maximum [Member] \| Buildings [Member]
Property, plant and equipment, useful life	50 years
Maximum [Member] \| Machinery and Equipment [Member]
Property, plant and equipment, useful life	12 years
Maximum [Member] \| Software [Member]
Property, plant and equipment, useful life	7 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Weighted-Average) (Details)	Dec. 31, 2023
Customer Relationships [Member]
Weighted-average useful life	15 years
Other Intangible Assets [Member]
Weighted-average useful life	8 years

Inventories (Schedule of Major

Inventories (Schedule of Major Classes of Inventory) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Raw materials	$ 605.1	$ 509.6
Work-in-process	385.1	333.8
Finished goods	1,332.3	1,280.3
Sub-total	2,322.5	2,123.7
LIFO reserve	(170.4)	(129.9)
Total	$ 2,152.1	$ 1,993.8

Inventories Inventories (Narrat

Inventories Inventories (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Inventories [Abstract]
Inventory Valuation Reserves	$ 143.5	$ 94.3

Property, Plant and Equipment_2

Property, Plant and Equipment (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 178.3	$ 176.5	$ 170.5
Software amortization	$ 36.5	$ 42.1	$ 45.7

Property, Plant and Equipment_3

Property, Plant and Equipment (Schedule of Major Classes of Property, Plant and Equipment) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 3,820.9	$ 3,448.6
Accumulated depreciation	(2,048.7)	(1,912.5)
Total	1,772.2	1,536.1
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	42.3	36.8
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	832.8	737.7
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,224.4	1,996.8
Software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 721.4	$ 677.3

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
Goodwill (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill	$ 6,095.3	$ 5,503.7	$ 5,504.8
Goodwill, Acquired During Period	566.5	96.3
Goodwill, Other Increase (Decrease)	1.2
Currency translation	23.9	(97.4)
Goodwill, Impaired, Accumulated Impairment Loss	2,496	2,496	2,496
Other Current Assets [Member]
Contract with Customer, Asset, after Allowance for Credit Loss	458.4	201.2
Americas [Member]
Goodwill	4,675.3	4,226.8	4,185.2
Goodwill, Acquired During Period	453.7	45.3
Goodwill, Other Increase (Decrease)	(8.7)
Currency translation	3.5	(3.7)
EMEA [Member]
Goodwill	869	714.9	740.8
Goodwill, Acquired During Period	112.8	23.9
Goodwill, Other Increase (Decrease)	10
Currency translation	31.3	(49.8)
Asia Pacific [Member]
Goodwill	551	562	$ 578.8
Goodwill, Acquired During Period	0	27.1
Goodwill, Other Increase (Decrease)	(0.1)
Currency translation	$ (10.9)	$ (43.9)

Intangible Assets Intangible As

Intangible Assets Intangible Assets Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Intangible Assets Abstract
Amortization of intangible assets	$ 165,200,000	$ 142,700,000	$ 123,600,000
Future estimated amortization expense, Year One	178
Future estimated amortization expense, Year Two	146
Future estimated amortization expense, Year Three	93
Future estimated amortization expense, Year Four	64
Future estimated amortization expense, Year Five	$ 45

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Finite-lived intangible assets, gross	$ 2,804	$ 2,445.4
Accumulated amortization	(1,974.5)	(1,805.5)
Total net finite-lived intangible assets	829.5	639.9
Intangible Assets, Gross (Excluding Goodwill)	5,414.3	5,069.5
Intangible Assets, Net (Excluding Goodwill)	3,439.8	3,264
Trademarks [Member]
Trademarks, indefinite lived	2,610.3	2,624.1
Customer Relationships [Member]
Finite-lived intangible assets, gross	2,384.4	2,183.7
Accumulated amortization	(1,731.4)	(1,592.1)
Total net finite-lived intangible assets	653	591.6
Other Intangible Assets [Member]
Finite-lived intangible assets, gross	419.6	261.7
Accumulated amortization	(243.1)	(213.4)
Total net finite-lived intangible assets	$ 176.5	$ 48.3

Debt and Credit Facilities (Nar

Debt and Credit Facilities (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Long-term Debt	$ 699.2	$ 0	$ 0
Long-term Debt, Excluding Current Maturities	$ 3,977.9	$ 3,788.3
Weighted average interest rate on short term borrowings and current maturities of long term debt	4.60%	4.90%
Short-term borrowings and current maturities of long-term debt	$ 801.9	$ 1,048
Repayments of Long-term Debt	754.6	9.6	$ 432.5
Debt Instrument, Fair Value Disclosure	4,700	4,600
Proceeds from Issuance of Debt	700
Debt Instrument, Repaid, Principal	700
Supplier Finance Program, Obligation	246	247.2
Supplier Finance Program, Obligation	246	247.2
Revolving Credit Facility [Member]
Other available Non-US lines of credit, remaining borrowing capacity	2,000	2,000
Commercial Paper [Member]
Line of Credit Facility, Maximum Borrowing Capacity	2,000
2026 Revolving Credit Facility
Line of Credit Facility, Maximum Borrowing Capacity	1,000
2027 Revolving Credit Facility
Line of Credit Facility, Maximum Borrowing Capacity	1,000
Three Point Five Percent Senior notes Due Two Thousand Twenty Six [Member]
Long-term Debt, Excluding Current Maturities	$ 398.9	$ 398.4
Debt instrument, interest rate	3.50%	3.50%
3.55% Senior Notes due 2024 [Member]
Debt instrument, interest rate	3.55%	3.55%
4.650% Percent Senior Notes due Twenty Forty Four [Member]
Long-term Debt, Excluding Current Maturities	$ 296.6	$ 296.4
Debt instrument, interest rate	4.65%	4.65%
Three Point Seven Five Percent Senior Notes Due Two Thousand Twenty Eight [Member]
Long-term Debt, Excluding Current Maturities	$ 547.3	$ 546.8
Debt instrument, interest rate	3.75%	3.75%
7.20% Debentures Due 2014-2025 [Member]
Long-term Debt, Excluding Current Maturities	$ 7.5	$ 14.9
Debt instrument, interest rate	7.20%	7.20%
6.48% Debentures Due 2025 [Member]
Long-term Debt, Excluding Current Maturities	$ 149.7	$ 149.7
Debt instrument, interest rate	6.48%	6.48%
Three Point Eight Percent Senior Notes Due Two Thousand Twenty Nine [Member]
Long-term Debt, Excluding Current Maturities	$ 746.4	$ 745.8
Debt instrument, interest rate	3.80%	3.80%
5.750% Senior Notes Due 2043 [Member]
Long-term Debt, Excluding Current Maturities	$ 495.4	$ 495.2
Debt instrument, interest rate	5.75%	5.75%
Four Point Three Percent Senior Notes Due Two Thousand Forty Eight [Member]
Long-term Debt, Excluding Current Maturities	$ 296.6	$ 296.4
Debt instrument, interest rate	4.30%	4.30%
Four Point Five Percent Senior Notes Due Two Thousand Forty Nine [Member]
Long-term Debt, Excluding Current Maturities	$ 346.2	$ 346
Debt instrument, interest rate	4.50%	4.50%
Debentures With Put Feature [Member]
Short-term borrowings and current maturities of long-term debt	$ 295	$ 340.8

Debt and Credit Facilities (Sho

Debt and Credit Facilities (Short-Term Borrowings and Current Maturities of Long-Term Debt) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Short-term Debt [Line Items]
Short-term borrowings and current maturities of long-term debt	$ 801.9	$ 1,048
put options exercised	45.8
Debentures With Put Feature [Member]
Short-term Debt [Line Items]
Short-term borrowings and current maturities of long-term debt	295	340.8
Other Current Maturities of Long Term Debt [Member]
Short-term Debt [Line Items]
Short-term borrowings and current maturities of long-term debt	7.5	$ 7.5
4.250% Senior Notes Due 2013 [Member]
Short-term Debt [Line Items]
Debt instrument, interest rate		4.25%
Short-term borrowings and current maturities of long-term debt	$ 0	$ 699.7
3.55% Senior Notes due 2024 [Member]
Short-term Debt [Line Items]
Debt instrument, interest rate	3.55%
Three Point Five Five Percent Senior Notes Due Two Thousand Twenty Four
Short-term Debt [Line Items]
Short-term borrowings and current maturities of long-term debt	$ 499.4	$ 0

Debt and Credit Facilities (Lon

Debt and Credit Facilities (Long-Term Debt Excluding Current Maturities) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Long-term Debt, Excluding Current Maturities	$ 3,977.9	$ 3,788.3
7.20% Debentures Due 2014-2025 [Member]
Debt instrument, interest rate	7.20%	7.20%
Long-term Debt, Excluding Current Maturities	$ 7.5	$ 14.9
3.55% Senior Notes due 2024 [Member]
Debt instrument, interest rate	3.55%	3.55%
6.48% Debentures Due 2025 [Member]
Debt instrument, interest rate	6.48%	6.48%
Long-term Debt, Excluding Current Maturities	$ 149.7	$ 149.7
Three Point Five Percent Senior notes Due Two Thousand Twenty Six [Member]
Debt instrument, interest rate	3.50%	3.50%
Long-term Debt, Excluding Current Maturities	$ 398.9	$ 398.4
Three Point Seven Five Percent Senior Notes Due Two Thousand Twenty Eight [Member]
Debt instrument, interest rate	3.75%	3.75%
Long-term Debt, Excluding Current Maturities	$ 547.3	$ 546.8
Three Point Eight Percent Senior Notes Due Two Thousand Twenty Nine [Member]
Debt instrument, interest rate	3.80%	3.80%
Long-term Debt, Excluding Current Maturities	$ 746.4	$ 745.8
5.750% Senior Notes Due 2043 [Member]
Debt instrument, interest rate	5.75%	5.75%
Long-term Debt, Excluding Current Maturities	$ 495.4	$ 495.2
4.650% Percent Senior Notes due Twenty Forty Four [Member]
Debt instrument, interest rate	4.65%	4.65%
Long-term Debt, Excluding Current Maturities	$ 296.6	$ 296.4
Four Point Three Percent Senior Notes Due Two Thousand Forty Eight [Member]
Debt instrument, interest rate	4.30%	4.30%
Long-term Debt, Excluding Current Maturities	$ 296.6	$ 296.4
Four Point Five Percent Senior Notes Due Two Thousand Forty Nine [Member]
Debt instrument, interest rate	4.50%	4.50%
Long-term Debt, Excluding Current Maturities	$ 346.2	$ 346
Five point Twenty-Five Percent Senior Notes Due Two Thousand Thirty Three
Debt instrument, interest rate	5.25%	5.25%
Long-term Debt, Excluding Current Maturities	$ 693.3	$ 0
Three Point Five Five Percent Senior Notes Due Two Thousand Twenty Four
Long-term Debt, Excluding Current Maturities	$ 0	$ 498.7

Debt and Credit Facilities (L_2

Debt and Credit Facilities (Long-Term Debt Maturities and Repayment of Principle) (Details) $ in Millions	Dec. 31, 2023 USD ($)
2014	$ 801.9
2015	157.2
2016	398.9
2017	0
2018	547.3
Thereafter	2,874.5
Total	$ 4,779.8

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest Expense	$ 234.5	$ 223.5	$ 233.7
Accumulated other comprehensive income (loss), derivatives qualifying as hedges, net of tax	(670.8)	(766.2)	(637.6)
Repayments of Long-term Debt	$ 754.6	$ 9.6	$ 432.5

Financial Instruments Schedule

Financial Instruments Schedule of Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Derivative instruments, gross liability	$ 4.8	$ 11.9
Derivative Asset	$ 4.1	$ 5.1
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other current assets	Other current assets
Fair Value, Inputs, Level 2 [Member]
Derivative instruments, gross liability	$ 4.8	$ 11.9
Derivative Asset	$ 4.1	$ 5.1

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	12 Months Ended
Fair Value Measurements (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Nov. 02, 2023	Oct. 15, 2021
Business Combination, Contingent Consideration, Liability	$ 90.3	$ 49.3		$ 90.3	$ 98.7
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	(49.3)	(46.9)	$ 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	90.3	49.3	96.2
Derivative Asset	4.1	5.1
Derivative Liability	4.8	11.9
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount	$ (52.2)	$ 0	$ 0
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other current assets	Other current assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Farrar Scientific
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High					$ 115
Nuvolo
Business Combination, Contingent Consideration, Liability				90.3
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High				$ 90
Measurement Input, Discount Rate \| Valuation Technique, Option Pricing Model \| Farrar Scientific
Business Combination, Contingent Consideration, Liability, Measurement Input [Extensible Enumeration]	Measurement Input, Discount Rate	Measurement Input, Discount Rate
Measurement Input, Discount Rate \| Valuation Technique, Option Pricing Model \| Nuvolo
Business Combination, Contingent Consideration, Liability, Measurement Input [Extensible Enumeration]	Measurement Input, Discount Rate
Measurement Input, Price Volatility \| Valuation Technique, Option Pricing Model \| Farrar Scientific
Business Combination, Contingent Consideration, Liability, Measurement Input [Extensible Enumeration]	Measurement Input, Price Volatility	Measurement Input, Price Volatility
Measurement Input, Price Volatility \| Valuation Technique, Option Pricing Model \| Nuvolo
Business Combination, Contingent Consideration, Liability, Measurement Input [Extensible Enumeration]	Measurement Input, Price Volatility
Fair Value, Inputs, Level 1 [Member]
Business Combination, Contingent Consideration, Liability	$ 0	$ 0
Derivative Asset	0	0
Derivative Liability	0	0
Fair Value, Inputs, Level 2 [Member]
Business Combination, Contingent Consideration, Liability	0	0
Derivative Asset	4.1	5.1
Derivative Liability	4.8	11.9
Fair Value, Inputs, Level 3 [Member]
Business Combination, Contingent Consideration, Liability	90.3	49.3
Derivative Asset	0	0
Derivative Liability	$ 0	$ 0

Leases (Details)

Leases (Details) - USD ($) $ in Millions	12 Months Ended
Leases (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	5 years	3 years 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	4.50%	3%
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	$ 179.4
Lessee, Operating Lease, Liability, Payments, Due Year Two	137.2
Operating Lease, Cost	187.8	$ 179.4
Prepaid Lease Payment and Lease Incentive	9.6	6.8
Operating Lease, Right-of-Use Asset	513.1	462.5
Variable Lease, Cost	31	28.2
Operating Lease, Payments	185.3	179
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	179.2	177
Lessee, Operating Lease, Liability, Payments, Due Year Three	106.2
Lessee, Operating Lease, Liability, Payments, Due Year Four	67.5
Lessee, Operating Lease, Liability, Payments, Due Year Five	37.9
Lessee, Operating Lease, Liability, Payments, Due after Year Five	87.3
Lessee, Operating Lease, Liability, Payments, Due	615.5
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(92.8)
Lessee, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset	$ 513.1	$ 462.5
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other noncurrent liabilities	Other noncurrent liabilities
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other noncurrent assets	Other noncurrent assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Other Noncurrent Liabilities [Member]
Leases [Abstract]
Operating Lease, Liability	$ 367.3	$ 313.5
Lessee, Lease, Description [Line Items]
Operating Lease, Liability	367.3	313.5
Liability [Member]
Leases [Abstract]
Operating Lease, Liability	522.7
Lessee, Lease, Description [Line Items]
Operating Lease, Liability	522.7
Accrued Liabilities
Leases [Abstract]
Operating Lease, Liability	155.4	155.8
Lessee, Lease, Description [Line Items]
Operating Lease, Liability	$ 155.4	$ 155.8

Pensions and Postretirement B_3

Pensions and Postretirement Benefits Other Than Pensions (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined benefit plan, fair value of pension plan assets	$ 2,145.7	$ 2,051.6
Percent of our projected benefit obligation relates to plans that cannot be funded	600,000,000%
Accumulated benefit obligation for all defined benefit pension plans	$ 2,372.2	2,343.2
Projected benefit obligation	1,928.6	1,850
Accumulated benefit obligation	1,902.3	1,847
Fair value of plan assets	1,611	1,585.6
Net of Medicare Part D subsidy	0.4	0.4
Net periodic benefit cost after net curtailment and settlement (gains) losses	(20)	(10.6)	$ (1.6)
Postretirement Benefit Costs [Member]
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0.6	0	0
Postretirement benefit cost	0.1
Net periodic benefit cost after net curtailment and settlement (gains) losses	2.3	3.1	5.6
Defined Benefit Plan, Expected Amortization of Gain (Loss), Next Fiscal Year	13
Pension Plans [Member]
Defined benefit plan, fair value of pension plan assets	$ 2,145.7	$ 2,051.6	2,993.8
Discount rate	5.16%	5.51%
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	$ 3.6	$ 3.9	5
Projected pension expenses for 2013	46
Projected company contributions in 2013	61
Plan net actuarial gains (losses)	(63.7)	810.3
Net periodic benefit cost after net curtailment and settlement (gains) losses	54.9	56.2	51.9
Defined Contribution Plan, Employer Discretionary Contribution Amount	165	138	126
Company contributions	$ 93.5	$ 90.5	$ 55.9
Postretirement [Member]
Discount rate	5.17%	5.51%	2.73%
Plan net actuarial gains (losses)	$ 7.4	$ 53.7
Non-U.S. [Member]
Discount rate	4.18%	4.63%
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 30.9	$ 33.8	$ 34.9
Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	4.7	3.3
Fixed Income Investments [Member]
Defined benefit plan, fair value of pension plan assets	1,650	1,597.8
Fixed Income Investments [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	$ 0	$ 0

Pensions and Postretirement B_4

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Company's Pension Plans) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Change in plan assets:
Fair value at beginning of year	$ 2,051.6
Fair value at end of year	2,145.7	$ 2,051.6
Amounts included in the balance sheet:
Other noncurrent assets	1,214.7	1,398.6
Pension Plans [Member]
Change in benefit obligations:
Benefit obligation at beginning of year	2,386.1	3,394.5
Service cost	34.4	47.5	$ 50.9
Interest cost	119.6	70.3	58.6
Employee contributions	1	0.9
Actuarial (gains) losses	63.7	(810.3)
Benefits paid	187.9	243.1
Currency translation	22	(59.6)
Curtailments and settlements	(2.4)	(5)
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Other Change	24	9.1
Other, including expenses paid	(25.2)	(16.2)
Benefit obligation at end of year	2,412.5	2,386.1	3,394.5
Change in plan assets:
Fair value at beginning of year	2,051.6	2,993.8
Actual return on assets	192.2	(706.7)
Company contributions	93.5	90.5	55.9
Employee contributions	1	0.9
Benefits paid	(187.9)	(243.1)
Currency translation	22.9	(62.6)
Settlements	(2.4)	(5)
Other, including expenses paid	(25.2)	(16.2)
Fair value at end of year	2,145.7	2,051.6	$ 2,993.8
Funded status:
Plan assets less than the benefit obligations	(266.8)	(334.5)
Amounts included in the balance sheet:
Other noncurrent assets	52.5	61
Accrued compensation and benefits	(10.8)	(27.3)
Postemployment and other benefit liabilities	(308.5)	(368.2)
Net amount recognized	$ (266.8)	$ (334.5)

Pensions and Postretirement B_5

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Pretax Amounts Recognized in Accumulated Other Comprehensive Income or (Loss)) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current year changes recorded to Accumulated other comprehensive income (loss)	$ 16.8	$ 54.2	$ 111.4
Amortization reclassified to earnings	(7.4)	(21.6)	(38.6)
Stockholders' Equity Note, Spinoff Transaction		(18.9)	(49)
Pension Plans [Member]
Balance at December 31, 2013	(530.7)
Current year changes recorded to Accumulated other comprehensive income (loss)	9.4
Amortization reclassified to earnings	19.8
Settlements/curtailments reclassified to earnings	1.4	15	$ 8
Currency translation and other	(3.7)
Balance at December 31, 2014	(503.8)	(530.7)
Pension Plans [Member] \| Net Actuarial Losses [Member]
Balance at December 31, 2013	(509.8)
Current year changes recorded to Accumulated other comprehensive income (loss)	9.4
Amortization reclassified to earnings	16.2
Settlements/curtailments reclassified to earnings	(1.4)
Currency translation and other	(3)
Balance at December 31, 2014	(485.8)	(509.8)
Pension Plans [Member] \| Prior Service Cost [Member]
Balance at December 31, 2013	(20.9)
Current year changes recorded to Accumulated other comprehensive income (loss)	0
Amortization reclassified to earnings	3.6
Settlements/curtailments reclassified to earnings	0
Currency translation and other	(0.7)
Balance at December 31, 2014	$ (18)	$ (20.9)

Pensions and Postretirement B_6

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Defined Benefit Plan Weighted Average Assumptions) (Details)	Dec. 31, 2023	Dec. 31, 2022
Pension Plans [Member]
Discount rate	5.16%	5.51%
Rate of compensation increase	4.02%	4%
Non-U.S. [Member]
Discount rate	4.18%	4.63%
Rate of compensation increase	4.07%	4.25%

Pensions and Postretirement B_7

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Defined Benefit Plan Pension Benefit Payments) (Details) - Pension Plans [Member] $ in Millions	Dec. 31, 2023 USD ($)
2015	$ 187.7
2016	195.5
2017	184.9
2018	192.5
2019	178.4
2020-2024	$ 871.8

Pensions and Postretirement B_8

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Net Periodic Benefit Cost) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net periodic benefit cost after net curtailment and settlement (gains) losses	$ (20)	$ (10.6)	$ (1.6)
Pension Plans [Member]
Service cost	34.4	47.5	50.9
Interest cost	119.6	70.3	58.6
Expected return on plan assets	(120.3)	(103.8)	(106.2)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	3.6	3.9	5
Plan net actuarial losses, net amortization of	16.2	23.3	35.6
Net periodic benefit cost	53.5	41.2	43.9
Net curtailment and settlement (gains) losses	1.4	15	8
Net periodic benefit cost after net curtailment and settlement (gains) losses	54.9	56.2	51.9
Segment, Discontinued Operations [Member] \| Pension Plans [Member]
Net periodic benefit cost after net curtailment and settlement (gains) losses	6.7	3.8	5.7
Other Nonoperating Income (Expense) [Member] \| Segment, Continuing Operations [Member] \| Pension Plans [Member]
Net periodic benefit cost after net curtailment and settlement (gains) losses	18.6	9.2	(0.9)
Operating Income (Loss) [Member] \| Segment, Continuing Operations [Member] \| Pension Plans [Member]
Net periodic benefit cost after net curtailment and settlement (gains) losses	$ 29.6	$ 43.2	$ 47.1

Pensions and Postretirement B_9

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Weighted Average Assumptions Net Periodic Pension Cost) (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pension Plans [Member]
Discount rate	5.48%	3.06%	2.75%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Weighted-Average Interest Crediting Rate	5.35%	2.36%	1.82%
Rate of compensation increase	4.25%	4%	4%
Percentage of expected return on plan assets	6.25%	4%	4%
Non-U.S. [Member]
Discount rate	4.82%	2.07%	1.56%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Weighted-Average Interest Crediting Rate	4.65%	1.62%	1.09%
Rate of compensation increase	4.23%	4%	4%
Percentage of expected return on plan assets	5.02%	2.50%	2.25%

Pensions and Postretirement _10

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Fair Values of Company's Pension Plan Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Defined benefit plan, fair value of pension plan assets	$ 2,145.7	$ 2,051.6
Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	4.7	3.3
Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	1,497.5	1,450.9
Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	120.9	109.8
Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	512.2	479.2
Registered mutual funds, fixed income specialty [Member]
Defined benefit plan, fair value of pension plan assets	96.1	105
Registered mutual funds, fixed income specialty [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Registered mutual funds, fixed income specialty [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Registered mutual funds, fixed income specialty [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
U.S. Government and Agency Obligations [Member]
Defined benefit plan, fair value of pension plan assets	355.7	323.6
U.S. Government and Agency Obligations [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
U.S. Government and Agency Obligations [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	355.7	323.6
U.S. Government and Agency Obligations [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Corporate and Non-U.S. Bonds [Member]
Defined benefit plan, fair value of pension plan assets	1,079.5	1,065.7
Corporate and Non-U.S. Bonds [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Corporate and Non-U.S. Bonds [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	1,079.5	1,065.7
Corporate and Non-U.S. Bonds [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Asset-Backed And Mortgage-Backed Securities [Member]
Defined benefit plan, fair value of pension plan assets	12.5	12.5
Asset-Backed And Mortgage-Backed Securities [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Asset-Backed And Mortgage-Backed Securities [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	12.5	12.5
Asset-Backed And Mortgage-Backed Securities [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Commingled Funds - Fixed Income Specialty [Member]
Defined benefit plan, fair value of pension plan assets	75	61.7
Commingled Funds - Fixed Income Specialty [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Commingled Funds - Fixed Income Specialty [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Commingled Funds - Fixed Income Specialty [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Other Fixed Income [Member]
Defined benefit plan, fair value of pension plan assets	31.2	29.3
Other Fixed Income [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Other Fixed Income [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Other Fixed Income [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	31.2	29.3
Derivative [Member]
Defined benefit plan, fair value of pension plan assets	5.9	(1.5)
Derivative [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Derivative [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	5.9	(1.5)
Derivative [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Derivative [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Real Estate Funds [Member]
Defined benefit plan, fair value of pension plan assets		0.9
Real Estate Funds [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets		0
Real Estate Funds [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets		0
Real Estate Funds [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets		0.9
Real Estate Funds [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets		0
Other Defined Benefit [Member]
Defined benefit plan, fair value of pension plan assets	89.7	79.6
Other Defined Benefit [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Other Defined Benefit [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Other Defined Benefit [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	89.7	79.6
Other Defined Benefit [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Cash and Cash Equivalents [Member]
Defined benefit plan, fair value of pension plan assets	48.6	53.9
Cash and Cash Equivalents [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	4.7	3.3
Cash and Cash Equivalents [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	43.9	50.6
Cash and Cash Equivalents [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Cash and Cash Equivalents [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Registered mutual funds, equity specialty [Member]
Defined benefit plan, fair value of pension plan assets	78.7	68
Registered mutual funds, equity specialty [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Registered mutual funds, equity specialty [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Registered mutual funds, equity specialty [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Commingled funds, equity specialty [Member]
Defined benefit plan, fair value of pension plan assets	262.4	244.5
Commingled funds, equity specialty [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Commingled funds, equity specialty [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Commingled funds, equity specialty [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Receivables and Payables
Defined benefit plan, fair value of pension plan assets	10.4	8.4
Registered mutual funds, equity specialty [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	78.7	68
Equity Securities [Member]
Defined benefit plan, fair value of pension plan assets	341.1	312.5
Equity Securities [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Equity Securities [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Equity Securities [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Equity Securities [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	341.1	312.5
Commingled funds, equity specialty [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	262.4	244.5
Fixed Income Investments [Member]
Defined benefit plan, fair value of pension plan assets	1,650	1,597.8
Fixed Income Investments [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Fixed Income Investments [Member] \| Fair Value, Inputs, Level 2 [Member]
Defined benefit plan, fair value of pension plan assets	1,447.7	1,401.8
Fixed Income Investments [Member] \| Fair Value, Inputs, Level 3 [Member]
Defined benefit plan, fair value of pension plan assets	31.2	29.3
Fixed Income Investments [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	171.1	166.7
Fixed Income Investments [Member] \| Registered mutual funds, fixed income specialty [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	96.1	105
Fixed Income Investments [Member] \| U.S. Government and Agency Obligations [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Fixed Income Investments [Member] \| Corporate and Non-U.S. Bonds [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Fixed Income Investments [Member] \| Asset-Backed And Mortgage-Backed Securities [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Fixed Income Investments [Member] \| Commingled Funds - Fixed Income Specialty [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	75	61.7
Fixed Income Investments [Member] \| Other Fixed Income [Member] \| Net Assets, Segment [Member]
Defined benefit plan, fair value of pension plan assets	0	0
Defined Benefit Plan Fair Value of Plan Assets Measured Using Net Asset Value [Member]
Defined benefit plan, fair value of pension plan assets	$ 2,135.3	$ 2,043.2

Pensions and Postretirement _11

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Company's Postretirement Plans Benefit Obligations) (Details) - Postretirement [Member] - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Benefit obligation at beginning of year		$ 266.4	$ 342.2
Service cost		1.4	1.8
Interest cost		13.3	6.9
Plan participants' contributions		0	5.7
Actuarial (gains) losses		(7.4)	(53.7)
Benefits paid, net of Medicare Part D subsidy	[1]	(32.4)	(39.8)
Amendments		0	3.3
Benefit obligation at end of year		$ 241.3	$ 266.4

[1] Actuarial gains in fiscal year 2023 primarily due to plan experience. Actuarial gains in fiscal year 2022 primarily resulted from changes in discount rates. (2) Amounts are net of Medicare Part D subsidy of $0.4 million in both 2023 and 2022.

Pensions and Postretirement _12

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Company's Postretirement Plans Funded Status) (Details) - Postretirement [Member] - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Amounts included in the balance sheet:
Accrued compensation and benefits	$ (29.3)	$ (34.2)
Postemployment and other benefit liabilities	(212)	(232.2)
Net amount recognized	$ (241.3)	$ (266.4)

Pensions and Postretirement _13

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Pretax Amounts Recognized in Accumulated Other Comprehensive Income (Loss) Other Than Pension) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current year changes recorded to Accumulated other comprehensive income (loss)	$ 16.8	$ 54.2	$ 111.4
Pension and OPEB adjustments amortization reclassified to earnings	(7.4)	(21.6)	(38.6)
Stockholders' Equity Note, Spinoff Transaction		(18.9)	$ (49)
Other Postretirement Benefits Plan [Member]
Balance at December 31, 2013	117.2
Current year changes recorded to Accumulated other comprehensive income (loss)	7.4
Pension and OPEB adjustments amortization reclassified to earnings	(12.4)
Balance at December 31, 2014	112.2	117.2
Net Actuarial Losses [Member] \| Other Postretirement Benefits Plan [Member]
Balance at December 31, 2013	120.5
Current year changes recorded to Accumulated other comprehensive income (loss)	7.4
Pension and OPEB adjustments amortization reclassified to earnings	(13)
Balance at December 31, 2014	114.9	120.5
Prior Service Cost [Member] \| Other Postretirement Benefits Plan [Member]
Balance at December 31, 2013	(3.3)
Current year changes recorded to Accumulated other comprehensive income (loss)	0
Pension and OPEB adjustments amortization reclassified to earnings	0.6
Balance at December 31, 2014	$ (2.7)	$ (3.3)

Pensions and Postretirement _14

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Net Periodic Postretirement Benefit Cost) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net periodic benefit cost after net curtailment and settlement (gains) losses	$ (20)	$ (10.6)	$ (1.6)
Postretirement Benefit Costs [Member]
Service cost	1.4	1.8	2.1
Interest cost	13.3	6.9	5.5
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0.6	0	0
Net periodic benefit cost after net curtailment and settlement (gains) losses	2.3	3.1	5.6
Plan net actuarial losses, net amortization of	(13)	(5.6)	(2)
Segment, Continuing Operations [Member] \| Postretirement Benefit Costs [Member]
Net periodic benefit cost after net curtailment and settlement (gains) losses
Segment, Discontinued Operations [Member] \| Postretirement Benefit Costs [Member]
Net periodic benefit cost after net curtailment and settlement (gains) losses	(0.5)	(0.1)	1
Operating Income (Loss) [Member] \| Segment, Continuing Operations [Member] \| Postretirement Benefit Costs [Member]
Net periodic benefit cost after net curtailment and settlement (gains) losses	1.4	1.8	2.1
Other Nonoperating Income (Expense) [Member] \| Segment, Continuing Operations [Member] \| Postretirement Benefit Costs [Member]
Net periodic benefit cost after net curtailment and settlement (gains) losses	$ 1.4	$ 1.4	$ 2.5

Pensions and Postretirement _15

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Defined Benefit Plan Weighted Average Discount Rate Assumptions) (Details) - Postretirement [Member]	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Benefit obligations at December 31	5.17%	5.51%	2.73%
Net periodic benefit cost	5.54%	2.82%	2.40%
Defined Benefit Plan, Current Year medical inflation rate	6.28%	6.50%	6.25%
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	5%	5%	4.75%
Year that the rate reaches the ultimate trend rate	2029	2028	2028
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Weighted-Average Interest Crediting Rate	5.38%	2.33%	1.84%

Pensions and Postretirement _16

Pensions and Postretirement Benefits Other Than Pensions (Schedule of Benefit Payments for Postretirement Benefits) (Details) - Postretirement [Member] $ in Millions	Dec. 31, 2023 USD ($)
2015	$ 30.1
2016	28.2
2017	26.5
2018	24.8
2019	23.3
2020-2024	$ 93.3

Revenue (Details)

Revenue (Details) - USD ($)	12 Months Ended
Revenue (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with Customer, Liability, Noncurrent	$ 0.16
Net revenues	17,677,600,000	$ 15,991,700,000	$ 14,136,400,000
Net Amount at Risk by Product and Guarantee, Net Amount at Risk	1,000,000,000
customer contract, asset, reclass to short-term	249,000,000
customer contract, liability, reclassification to short-term	254,100,000
Contract with Customer, Liability, Revenue Recognized	0.58
Contract with Customer, Liability, Noncurrent	0.16
Net revenues	17,677,600,000	15,991,700,000	14,136,400,000
Other Noncurrent Assets [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with Customer, Asset, after Allowance for Credit Loss	0	239,600,000
Contract with Customer, Asset, after Allowance for Credit Loss	0	239,600,000
Accrued Liabilities
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with Customer, Liability	1,301,200,000	1,010,600,000
Contract with Customer, Liability	1,301,200,000	1,010,600,000
Other Noncurrent Liabilities [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with Customer, Liability	247,200,000	471,400,000
Contract with Customer, Liability	247,200,000	471,400,000
Other Current Assets [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with Customer, Asset, after Allowance for Credit Loss	458,400,000	201,200,000
Contract with Customer, Asset, after Allowance for Credit Loss	458,400,000	201,200,000
Transferred at Point in Time [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Net revenues	0.81	0.82	0.82
Net revenues	$ 0.81	$ 0.82	$ 0.82

Revenue Disaggregation of Reven

Revenue Disaggregation of Revenue (Details) - USD ($)	12 Months Ended
Revenue Disaggregation of Revenue (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 17,677,600,000	$ 15,991,700,000	$ 14,136,400,000
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0.81	0.82	0.82
EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,401,200,000	2,034,500,000	1,944,900,000
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,444,400,000	1,316,400,000	1,234,400,000
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	13,832,000,000	12,640,800,000	10,957,100,000
Service
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	5,702,200,000	5,060,900,000	4,637,600,000
Service \| EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	700,700,000	613,600,000	616,900,000
Service \| Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	429,200,000	381,600,000	383,400,000
Service \| Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	4,572,300,000	4,065,700,000	3,637,300,000
Product
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	11,975,400,000	10,930,800,000	9,498,800,000
Product \| EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,700,500,000	1,420,900,000	1,328,000,000
Product \| Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,015,200,000	934,800,000	851,000,000
Product \| Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 9,259,700,000	$ 8,575,100,000	$ 7,319,800,000

Revenue Contract liability bala

Revenue Contract liability balances to be recognized (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability, Revenue Recognized	$ 0.58
Contract with Customer, Liability, Noncurrent	$ 0.16

Equity (Narrative) (Details)

Equity (Narrative) (Details) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($)	Dec. 31, 2023 € / shares	Feb. 28, 2022 USD ($)	Feb. 01, 2022 USD ($)	Feb. 28, 2021 USD ($)
Authorized share capital \| shares		1,185,040,000	1,185,040,000
Ordinary shares, par value, in dollars or euros per share, as stated \| $ / shares		$ 1	$ 1	$ 1
Preference shares, par value, in dollars per share \| $ / shares		$ 0.001	$ 0.001
Stock Repurchased During Period, Value			$ 669
Common Stock, Shares, Outstanding \| shares		251,700,000	251,700,000	253,300,000
Common Stock, Shares, Outstanding \| shares		251,700,000	251,700,000	253,300,000
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss)		$ (670.8)	$ (670.8)	$ (766.2)	$ (637.6)
Stockholders' Equity Note, Spinoff Transaction				$ (18.9)	(49)
Shareholders' Equity			EQUITY The authorized share capital of Trane Technologies plc is 1,185,040,000 shares, consisting of (1) 1,175,000,000 ordinary shares, par value $1.00 per share, (2) 40,000 ordinary shares, par value EUR 1.00 and (3) 10,000,000 preference shares, par value $0.001 per share. There were no Euro-denominated ordinary shares or preference shares outstanding at December 31, 2023 or 2022. The changes in ordinary shares and treasury shares for the year ended December 31, 2023 were as follows: In millions Ordinary shares issued Ordinary shares held in treasury December 31, 2022 253.3 24.5 Shares issued under incentive plans 1.7 — Repurchase of ordinary shares (3.3) — December 31, 2023 251.7 24.5 Share repurchases are made from time to time in accordance with management's capital allocation strategy, subject to market conditions and regulatory requirements. Shares acquired and canceled upon repurchase are accounted for as a reduction of Ordinary Shares and Capital in excess of par value , or Retained earnings to the extent Capital in excess of par value is exhausted. Shares acquired and held in treasury are presented separately on the balance sheet as a reduction to Equity and recognized at cost. In February 2022, the Company's Board of Directors authorized a share repurchase program of up to $3.0 billion of its ordinary shares (2022 Authorization) upon the completion of its $2.0 billion ordinary share repurchase program authorized in 2021 (2021 Authorization). During the year ended December 31, 2023, the Company repurchased and canceled approximately $669 million of its ordinary shares, thus completing the 2021 Authorization and initiating repurchases under the 2022 Authorization of approximately $469 million of its ordinary shares, leaving $2.5 billion remaining. Additionally, through January 31, 2024 the Company repurchased approximately $81 million of its ordinary shares under the 2022 Authorization. Accumulated Other Comprehensive Income (Loss) The changes in Accumulated other comprehensive income (loss) were as follows: In millions Derivative Instruments Pension and OPEB Items Foreign Currency Translation Total December 31, 2021 $ 7.1 $ (297.9) $ (346.8) $ (637.6) Other comprehensive income (loss) attributable to Trane Technologies plc (11.6) 83.8 (200.8) (128.6) December 31, 2022 $ (4.5) $ (214.1) $ (547.6) $ (766.2) Other comprehensive income (loss) attributable to Trane Technologies plc 7.5 15.2 72.7 95.4 December 31, 2023 $ 3.0 $ (198.9) $ (474.9) $ (670.8) The amounts of Other comprehensive income (loss) attributable to noncontrolling interests for 2023, 2022 and 2021 were $(0.2) million, $(1.9) million and $(1.7) million, respectively, related to currency translation. Additionally, Other comprehensive income (loss) attributable to noncontrolling interests for 2023, 2022, and 2021 includes $0.5 million, $0.3 million, and $1.2 million, respectively, related to pension and postretirement obligation adjustments.
2021 Authorization [Domain]
Stock Repurchase Program, Authorized Amount									$ 2,000
2022 Authorization [Domain]
Stock Repurchase Program, Authorized Amount							$ 3,000	$ 3,000
Stock Repurchased During Period, Value		209	$ 469
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 2,500	$ 2,500
Subsequent Event [Member] \| 2022 Authorization [Domain]
Stock Repurchased During Period, Value	$ 81
Ordinary shares [Member]
Number of ordinary shares \| shares		1,175,000,000	1,175,000,000
Preferred Stock [Member]
Number of preference shares \| shares		10,000,000	10,000,000
Preferred Stock, Shares Outstanding \| shares		0	0	0
Preferred Stock, Shares Outstanding \| shares		0	0	0
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss)		$ 3	$ 3	$ (4.5)	7.1
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss)		(198.9)	(198.9)	(214.1)	(297.9)
Other comprehensive income (loss), net of tax			15.2	83.8
Accumulated Foreign Currency Adjustment Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss)		$ (474.9)	(474.9)	(547.6)	(346.8)
Other comprehensive income (loss), net of tax			72.7	(200.8)
Accumulated other comprehensive income (loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), net of tax			95.4	(128.6)
Stockholders' Equity Note, Spinoff Transaction				0	0
Noncontrolling interest [Member]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax, Portion Attributable to Noncontrolling Interest			(0.2)	(1.9)	(1.7)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity Note, Spinoff Transaction				0	$ 0
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), net of tax			$ 7.5	$ (11.6)
Euro Member Countries, Euro
Number of ordinary shares \| shares		40,000	40,000
Ordinary shares, par value, in dollars or euros per share, as stated \| € / shares						€ 1
Common Stock, Shares, Outstanding \| shares		0	0	0
Common Stock, Shares, Outstanding \| shares		0	0	0

Equity (Reconciliation of Ordin

Equity (Reconciliation of Ordinary Shares) (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Beginning balance, shares	253,300,000
Ending balance, shares	251,700,000	253,300,000
Treasury Stock, Common, Shares	24,500,713	24,500,868
Ordinary shares [Member]
Beginning balance, shares	253,300,000	259,700,000	263,300,000
Shares issued under incentive plans	1,700,000
Repurchase of ordinary shares	(3,300,000)	(7,500,000)	(5,900,000)
Ending balance, shares	251,700,000	253,300,000	259,700,000
Treasury Stock, Common
Shares issued under incentive plans	0
Repurchase of ordinary shares	0

Equity (Changes In Accumulated

Equity (Changes In Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated other comprehensive income (loss)	$ (766.2)	$ (637.6)
Other comprehensive income (loss), net of tax	95.7	(130.2)	$ (6.6)
Accumulated other comprehensive income (loss)	(670.8)	(766.2)	(637.6)
Stockholders' Equity Note, Spinoff Transaction		(18.9)	(49)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated other comprehensive income (loss)	(4.5)	7.1
Accumulated other comprehensive income (loss)	3	(4.5)	7.1
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated other comprehensive income (loss)	(214.1)	(297.9)
Other comprehensive income (loss), net of tax	15.2	83.8
Accumulated other comprehensive income (loss)	(198.9)	(214.1)	(297.9)
Accumulated Foreign Currency Adjustment Attributable to Parent
Accumulated other comprehensive income (loss)	(547.6)	(346.8)
Other comprehensive income (loss), net of tax	72.7	(200.8)
Accumulated other comprehensive income (loss)	$ (474.9)	$ (547.6)	$ (346.8)

Equity Equity (Other Comprehens

Equity Equity (Other Comprehensive Income in Noncontrolling Interest) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Noncontrolling Interest [Line Items]
Other comprehensive income (loss), net of tax	$ 95.7	$ (130.2)	$ (6.6)
Noncontrolling interest [Member]
Noncontrolling Interest [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax, Portion Attributable to Noncontrolling Interest	(0.2)	(1.9)	(1.7)
Other comprehensive income (loss), net of tax	0.3	(1.6)	(0.5)
Accumulated Defined Benefit Plans Adjustment Attributable to Noncontrolling Interest
Noncontrolling Interest [Line Items]
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	$ 0.5	$ 0.3	$ 1.2

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Total number of shares authorized by the shareholders	23,000,000
Remains available for future incentive awards	11,400,000
Share-based compensation expense	$ (67.1)	$ (55.7)	$ (67.7)
Share-based compensation expense, net of tax	(50.8)	(42.2)	(51.3)
Aggregate intrinsic value of options exercised, in USD	$ 159.8	61.2
Percentage Of Awards Applied To Performance Condition	50%
Percentage of Awards Applied to Market Condition	50%
Stock options and RSUs [Member]
Vesting period, in years	3 years
Stock Option [Member]
Total unrecognized compensation cost from stock option arrangements granted under the plan, in USD	$ 10.7
Restricted Stock Units (RSUs) [Member]
Share-based compensation expense	(23.5)	$ (19.7)	$ (21.9)
Total unrecognized compensation cost from stock option arrangements granted under the plan, in USD	$ 21.7
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	208,046,000,000	195,930,000,000	284,300,000,000
Share-based compensation expense	$ (23.2)	$ (20.7)	$ (26.1)
Average fair value of stock options granted, in dollars per share	$ 207,230,000	$ 170,310,000	$ 181,840,000
Total unrecognized compensation cost from stock option arrangements granted under the plan, in USD	$ 20
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period	3 years
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	425,444,000,000	430,496,000,000	589,417,000,000
Share-based compensation expense	$ (16.1)	$ (14.1)	$ (16.7)
Average fair value of stock options granted, in dollars per share	$ 47,530,000	$ 35,960,000	$ 29,620,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	214,425,000,000	139,730,000,000	153,806,000,000
Average fair value of stock options granted, in dollars per share	$ 184,350,000	$ 165,070,000	$ 154,330,000

Share-Based Compensation (Compe

Share-Based Compensation (Compensation Expenses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ (67.1)	$ (55.7)	$ (67.7)
Tax benefit	(16.3)	(13.5)	(16.4)
Share-based compensation expense, net of tax	(50.8)	(42.2)	(51.3)
Deferred Compensation, Share-based Payments
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	(4.3)	(1.2)	(3)
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	(16.1)	(14.1)	(16.7)
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	(23.5)	(19.7)	(21.9)
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	(23.2)	(20.7)	(26.1)
Segment, Continuing Operations [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net of tax	(50.8)	(42.6)	(51.3)
Segment, Discontinued Operations [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net of tax	$ 0	$ (0.4)	$ 0

Share-Based Compensation Share-

Share-Based Compensation Share-Based Compensation (Fair Value of Stock Options Assumptions) (Details) - Stock Options [Member]	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Dividend yield	1.50%	1.60%	1.60%
Volatility	29.37%	28.23%	27.90%
Risk free rate of return	3.62%	1.56%	0.45%
Expected life	4 years 9 months 18 days	4 years 9 months 18 days	4 years 9 months 18 days

Share-Based Compensation (Chang

Share-Based Compensation (Changes in Options Outstanding Under the Plans) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Weighted average remaining life, Outstanding, in years	5 years 4 months 24 days
Stock Options [Member]
Shares subject to options, Beginning balance	4,150,484	4,411,000	5,719,358
Shares subject to options, Granted	425,444	430,496	589,417
Shares subject to options, Exercised	(1,382,846)	(633,962)	(1,872,069)
Shares subject to options, Cancelled	(21,365)	(57,050)	(25,706)
Shares subject to options, Ending balance	3,171,717	4,150,484	4,411,000
Shares subject to options, Exercisable	2,284,656
Weighted average exercise price, Beginning balance, in dollars per share	$ 94.06	$ 83.39	$ 70.53
Weighted average exercise price, Granted, in dollars per share	182.27	167.93	150.34
Weighted average exercise price, Exercised, in dollars per share	80.67	66.06	64.74
Weighted average exercise price, Cancelled, in dollars per share	168.18	137.38	115.33
Weighted average exercise price, Ending Balance, in dollars per share	111.23	$ 94.06	$ 83.39
Weighted average exercise price, Exercisable, in dollars per share	$ 88.17
Aggregate intrinsic value, Outstanding, in USD	$ 420.8
Aggregate intrinsic value, Exercisable, in USD	$ 355.8
Weighted average remaining life, Exercisable, in years	4 years 3 months 18 days

Share-Based Compensation (Infor

Share-Based Compensation (Information Concerning Currently Outstanding and Exercisable Options) (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares shares
30.01 - 40.00 [Member]
Number of options outstanding, in shares \| shares	757,205
Weighted average remaining life, Outstanding, in years	3 years 1 month 6 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 66.35
Number of options exercisable, in shares \| shares	757,205
Weighted average remaining life, Exercisable, in years	3 years 1 month 6 days
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 66.35
40.01 - 50.00 [Member]
Number of options outstanding, in shares \| shares	506,855
Weighted average remaining life, Outstanding, in years	4 years 1 month 6 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 78.99
Number of options exercisable, in shares \| shares	506,855
Weighted average remaining life, Exercisable, in years	4 years 1 month 6 days
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 78.99
50.01 - 60.00 [Member]
Number of options outstanding, in shares \| shares	464,452
Weighted average remaining life, Outstanding, in years	5 years 8 months 12 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 105.28
Number of options exercisable, in shares \| shares	464,452
Weighted average remaining life, Exercisable, in years	5 years 8 months 12 days
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 105.28
Sixty point zero one dollars to seventy dollars [Member]
Number of options outstanding, in shares \| shares	406,450
Weighted average remaining life, Outstanding, in years	6 years 4 months 24 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 148.62
Number of options exercisable, in shares \| shares	213,678
Weighted average remaining life, Exercisable, in years	6 years 9 months 18 days
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 148.95
Seventy point zero one dollars to eighty dollars [Domain]
Number of options outstanding, in shares \| shares	415,977
Weighted average remaining life, Outstanding, in years	7 years 10 months 24 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 167.58
Number of options exercisable, in shares \| shares	113,426
Weighted average remaining life, Exercisable, in years	7 years 9 months 18 days
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 167.16
Eighty point zero one dollars to ninety dollars [Domain]
Number of options outstanding, in shares \| shares	373,227
Weighted average remaining life, Outstanding, in years	8 years 10 months 24 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 181.30
Number of options exercisable, in shares \| shares	15,578
Weighted average remaining life, Exercisable, in years	7 years 6 months
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 186.83
Ninety point zero one dollars to one hundred dollars [Domain]
Number of options outstanding, in shares \| shares	34,089
Weighted average remaining life, Outstanding, in years	9 years 9 months 18 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 213.59
Twenty four point twenty three dollars to one hundred twenty four point ninety five dollars [Member]
Number of options outstanding, in shares \| shares	3,171,717
Weighted average remaining life, Outstanding, in years	5 years 4 months 24 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 111.23
Number of options exercisable, in shares \| shares	2,284,656
Weighted average remaining life, Exercisable, in years	4 years 3 months 18 days
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 88.17
Fifteen point zero one dollars to thirty dollars
Number of options outstanding, in shares \| shares	213,462
Weighted average remaining life, Outstanding, in years	1 year 9 months 18 days
Weighted average exercise price, options outstanding, in dollars per share \| $ / shares	$ 40.10
Number of options exercisable, in shares \| shares	213,462
Weighted average remaining life, Exercisable, in years	1 year 9 months 18 days
Weighted average exercise price, option exercisable, in dollars per share \| $ / shares	$ 40.10

Share-Based Compensation (RSU A

Share-Based Compensation (RSU Activity During the Year) (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Outstanding and unvested, beginning balance, in shares	294,653	371,030	489,522
RSUs, granted, in shares	214,425	139,730	153,806
RSUs, vested, in shares	(154,134)	(202,172)	(266,041)
RSUs, cancelled, in shares	(13,153)	(13,935)	(6,257)
Outstanding and unvested, ending balance, in shares	341,791	294,653	371,030
Weighted average grant date fair value, beginning of Period, in dollars per share	$ 147.88	$ 118.88	$ 87.75
Weighted average grant date fair value, granted, in dollars per share	184.35	165.07	154.33
Weighted average grant date fair value, vested, in dollars per share	134.87	107.29	82.18
Weighted average grant date fair value, cancelled, in dollars per share	173.28	136.89	115.11
Weighted average grant date fair value, end of Period, in dollars per share	$ 175.65	$ 147.88	$ 118.88

Share-Based Compensation Share

Share-Based Compensation Share Based Compensation (Performance Shares Rollforward) (Details) - Performance Shares [Member] - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding and unvested, beginning balance, in shares	609,026	801,956	1,018,472
Weighted average grant date fair value, beginning of Period, in dollars per share	$ 165.02	$ 131.14	$ 99.53
Share based compensation (SARs or Performance shares), granted, in shares	208,046	195,930	284,300
Weighted average grant date fair value, granted, in dollars per share	$ 207.23	$ 170.31	$ 181.84
Performance shares, vested in period, in shares	(237,586)	(346,540)	(419,088)
Performance shares, vested, weighted average grant date fair value	$ 147.33	$ 89.70	$ 82.93
Share based compensation (SARs or Performance shares), cancelled, in shares	(20,526)	(42,320)	(81,728)
Weighted average grant date fair value, cancelled, in dollars per share	$ 186.32	$ 164.21	$ 160.86
Outstanding and unvested, ending balance, in shares	558,960	609,026	801,956
Weighted average grant date fair value, end of Period, in dollars per share	$ 187.47	$ 165.02	$ 131.14

Other, Net (Narrative) (Details

Other, Net (Narrative) (Details) - USD ($) $ in Millions		12 Months Ended
Other, Net (Narrative) (Details) - USD ($) $ in Millions	Jun. 18, 2020	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Foreign Currency Transaction Gain (Loss), before Tax		$ (20.1)	$ (17.9)	$ (10.7)
Deconsolidation, Gain (Loss), Amount	$ 24.9
Release of indemnification liability				$ 12.8
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement			$ 15
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Nonoperating Income (Expense)
Segment, Continuing Operations [Member]
Deconsolidation, Gain (Loss), Amount	$ 0.9

Other, Net Table (Details)

Other, Net Table (Details) - USD ($) $ in Millions	12 Months Ended
Other, Net Table (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income	$ 15.4	$ 9.2	$ 4
Exchange gain (loss)	(20.1)	(17.9)	(10.7)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	(20)	(10.6)	(1.6)
Other, net	(67.5)	(4)	9.4
Nonoperating Income (Expense)	$ (92.2)	$ (23.3)	$ 1.1

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Acquisition And Purchase Accounting For Valuation Allowance Deferred Tax Assets	$ (1.3)	$ 0	$ 0
Income tax holiday, aggregate dollar amount	51.9	52.5	32.6
Undistributed earnings	700
Unrecognized tax benefits	84.9	82.4	65.2	$ 65.4
Unrecognized tax benefits that would impact effective tax rate	43.6
Unrecognized tax benefits, income tax penalties and interest accrued	16	11.3
Unrecognized tax benefits, income tax penalties and interest expense recognized	0.2	3.7
Tax benefit to continuing operations	498.4	$ 375.9	$ 333.5
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 35
Period Changes In Unrecognized Tax Benefit, in months	12
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%	21%
Effective Income Tax Rate Reconciliation, Percent	19.40%	17.30%	18.60%
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Undistributed Earnings of Foreign Subsidiaries	$ 200
Foreign Tax Credits [Domain]
Valuation allowance change	$ (30.3)		$ (21.4)
legal entity restructuring
Valuation allowance change		$ (48.2)

Income Taxes Schedule of Earnin

Income Taxes Schedule of Earnings (Loss) Before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Earnings (loss) before income taxes, United States	$ 1,690.7	$ 1,312.3	$ 995.5
Earnings (loss) before income taxes, Non-U.S.	876.6	859.8	795.2
Earnings (loss) before income taxes	$ 2,567.3	$ 2,172.1	$ 1,790.7

Income Taxes (Schedule of Compo

Income Taxes (Schedule of Components of Provision for Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current tax expense (benefit)	$ 551.9	$ 308.1	$ 358.7
Deferred tax expense (benefit)	(53.5)	67.8	(25.2)
Benefit (provision) for income taxes	(498.4)	(375.9)	(333.5)
United States [Member]
Current tax expense (benefit)	377.6	180.4	247
Deferred tax expense (benefit)	(18.8)	66.5	(42.5)
Benefit (provision) for income taxes	(358.8)	(246.9)	(204.5)
Non-U.S. [Member]
Current tax expense (benefit)	174.3	127.7	111.7
Deferred tax expense (benefit)	(34.7)	1.3	17.3
Benefit (provision) for income taxes	$ (139.6)	$ (129)	$ (129)

Income Taxes (Schedule of Recon

Income Taxes (Schedule of Reconciliation Between Statutory and Effective Tax Rate) (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statutory U.S. rate	21%	21%	21%
Non US tax rate differential	(1.90%)	(2.80%)	(2.80%)
Tax on US subsidiaries on Non US earnings	(0.40%)	(0.30%)	(0.30%)
State and local income taxes	3.20%	1.10%	2%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Payment Arrangement, Percent	(1.20%)	(0.80%)	(1.80%)
Valuation allowances	(1.20%)	(0.70%)	(1.10%)
Other adjustments	(0.10%)	(0.80%)	1.60%
Effective tax rate	19.40%	17.30%	18.60%

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Accounts) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Inventory and accounts receivable, deferred tax asset	$ 11.8	$ 11.2
Fixed assets and intangibles, deferred tax asset	1.4	2.6
Deferred Tax Liability Operating Lease Liabilities	122.4	112
Deferred Tax Asset Operating Lease right-of-use assets	(120.2)	(110.4)
Postemployment and other benefit liabilities, deferred tax asset	239.2	254.6
Product liability, deferred tax asset	7.3	5.5
Other reserves and accruals, deferred tax asset	198.6	181.5
Net operating losses and credit carryforwards, deferred tax asset	287.4	346
Other, deferred tax asset	41.4	40.7
Gross deferred tax assets	909.5	954.1
Deferred tax valuation allowances	(164)	(199.8)	$ (258.6)	$ (320.5)
Deferred tax assets net of valuation allowances	745.5	754.3
Inventory and accounts receivable, deferred tax liability	(15.3)	(50.7)
Fixed assets and intangibles, deferred tax liability	(1,073.2)	(1,069)
Postemployment and other benefit liabilities, deferred tax liability	(13)	(15.7)
Other reserves and accruals, deferred tax liability	(2.2)	(5.5)
Deferred Tax Liability undistributed earnings of foreign subsidiaries	(35.5)	(28)
Other, deferred tax liability	0.7	(1.6)
Deferred Tax Liabilities, Gross	(1,258.7)	(1,280.9)
Gross deferred tax liability	$ (513.2)	$ (526.6)

Income Taxes (Operating Loss an

Income Taxes (Operating Loss and Tax Credit Carryforwards) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
U.S. Federal net operating loss carryforwards	$ 287.4	$ 346
United States [Member]
U.S. Federal net operating loss carryforwards	113.9
U.S. credit carryforwards	95
State and Local Jurisdiction [Member]
U.S. credit carryforwards	27.1
U.S. State net operating loss carryforwards	2,497
Non-U.S. [Member]
Non-U.S. net operating loss carryforwards	477.3
Non-U.S. credit carryforwards	$ 17.3

Income Taxes (Valuation Allowan

Income Taxes (Valuation Allowance) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Valuation Allowance Deferred Tax Assets Written Off	$ 2.2	$ 0	$ 33
Accumulated other comprehensive income (loss)	(1.4)	0.4	(1.9)
Ending balance	164	199.8	258.6
Foreign Tax Credits [Domain]
Valuation allowance change	(30.3)		(21.4)
Increase to valuation allowance [Member]
Valuation allowance change	24.3	5.9	86.5
Decrease to valuation allowance [Member]
Valuation allowance change	$ (57.8)	(65.1)	$ (113.5)
legal entity restructuring
Valuation allowance change		$ (48.2)

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefit) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Beginning balance	$ 82.4	$ 65.2	$ 65.4
Additions based on tax positions related to the current year	3.6	3.9	1
Additions based on tax positions related to prior years	0.6	22.5	5.1
Reductions based on tax positions related to prior years	(0.5)	(5.9)	(2.4)
Reductions related to settlements with tax authorities	(1.4)	(0.9)	(0.1)
Reductions related to lapses of statute of limitations	(1)	(0.6)	(1)
Translation (gain)/loss	1.2	(1.8)	(2.8)
Ending balance	$ 84.9	$ 82.4	$ 65.2

Business Combinations (Details)

Business Combinations (Details) - USD ($) $ in Millions									12 Months Ended
Business Combinations (Details) - USD ($) $ in Millions	Nov. 02, 2023	May 12, 2023	May 02, 2023	Oct. 31, 2022	Apr. 01, 2022	Oct. 15, 2021	Sep. 24, 2021	Jun. 18, 2020	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Combinations [Abstract]
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax									$ (34.7)	$ (26.9)	$ (39.3)
Discontinued Operation, Tax Effect of Discontinued Operation									7.5	5.4	18.7
Discontinued operations, net of tax									(27.2)	(21.5)	(20.6)
Deconsolidation, Gain (Loss), Amount								$ 24.9
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent									(27.2)	(21.5)	(20.6)
Discontinued operations, net of tax									(27.2)	(21.5)	(20.6)
Deconsolidation, Gain (Loss), Amount								24.9
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life						14 years
Goodwill									6,095.3	5,503.7	5,504.8
Goodwill, Acquired During Period									566.5	96.3
Charge to increase funding liability							$ 21.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						$ 140.7			330	102.1
Payments to Acquire Businesses, Net of Cash Acquired									862.8	234.7	269.2
Business Combination, Contingent Consideration, Liability	$ 90.3					98.7			90.3	49.3
Goodwill, Acquired During Period									566.5	96.3
Business Combination, Contingent Consideration, Liability	90.3					98.7			90.3	49.3
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						140.7			330	102.1
Goodwill									6,095.3	5,503.7	5,504.8
Charge to increase funding liability							21.2
Payments to Acquire Businesses, Net of Cash Acquired									862.8	234.7	269.2
Business Combination, Price of Acquisition, Expected	442.9					349.9
Americas [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill									4,675.3	4,226.8	4,185.2
Goodwill, Acquired During Period									453.7	45.3
Goodwill, Acquired During Period									453.7	45.3
Goodwill									4,675.3	4,226.8	4,185.2
Farrar Scientific
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill, Acquired During Period						203.6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						140.7
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High						115
Payments to Acquire Businesses, Net of Cash Acquired						251.2
Goodwill, Acquired During Period						203.6
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High						115
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						140.7
Payments to Acquire Businesses, Net of Cash Acquired						251.2
Channel Acquisition
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill, Acquired During Period					$ 42.5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill					52.7
Payments to Acquire Businesses, Net of Cash Acquired					110
Goodwill, Acquired During Period					42.5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill					52.7
Payments to Acquire Businesses, Net of Cash Acquired					$ 110
AL-KO Acquisition
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill, Acquired During Period				$ 48.5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill				49.4
Payments to Acquire Businesses, Net of Cash Acquired				111.7
Goodwill, Acquired During Period				48.5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill				49.4
Payments to Acquire Businesses, Net of Cash Acquired				$ 111.7
Nuvolo
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill, Acquired During Period	317.6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	141
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High	90
Payments to Acquire Businesses, Net of Cash Acquired	352.6
Business Combination, Contingent Consideration, Liability	90.3
Goodwill, Acquired During Period	317.6
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High	90
Business Combination, Contingent Consideration, Liability	90.3
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	141
Payments to Acquire Businesses, Net of Cash Acquired	$ 352.6
MTA
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill, Acquired During Period			$ 112.8
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			93.3
Payments to Acquire Businesses, Net of Cash Acquired			224.4
Goodwill, Acquired During Period			112.8
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			93.3
Payments to Acquire Businesses, Net of Cash Acquired			$ 224.4
Helmer Acquisition
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill, Acquired During Period		$ 130
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		95.7
Payments to Acquire Businesses, Net of Cash Acquired		266.4
Goodwill, Acquired During Period		130
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		95.7
Payments to Acquire Businesses, Net of Cash Acquired		$ 266.4
Segment, Discontinued Operations [Member]
Business Combinations [Abstract]
Deconsolidation, Gain (Loss), Amount								25.8
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Deconsolidation, Gain (Loss), Amount								$ 25.8
funding expense under funding agreement									$ 20.2	$ 16.5
Acquired Finite-Lived Intangible Assets [Line Items]
Charge to increase funding liability							14				14
Charge to increase funding liability							$ 14				$ 14
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life									13 years	15 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						105.2			$ 189.9	$ 82.9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						$ 105.2			$ 189.9	$ 82.9
Other Intangible Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life						6 years			6 years	6 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						$ 35.5			$ 33	$ 19.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						$ 35.5			$ 33	$ 19.2
Technology-Based Intangible Assets
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life									9 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill									$ 107.1
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill									$ 107.1

Earnings Per Share (EPS) (Detai

Earnings Per Share (EPS) (Details) - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Weighted-average number of basic shares	228.6	232.6	238.7
Shares issuable under incentive stock plans	2.1	2.3	3.6
Weighted-average number of diluted shares	230.7	234.9	242.3
Anti-dilutive shares	0.4	0.8	0
Common Stock, Dividends, Per Share, Declared	$ 3	$ 2.68	$ 2.36

Business Segment Information (S

Business Segment Information (Summary of Operations by Reportable Segments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net revenues	$ 17,677.6	$ 15,991.7	$ 14,136.4
Capital expenditures	300.7	291.8	223
Operating income (loss)	2,894	2,418.9	2,023.3
Segment Adjusted EBITDA	3,455.6	2,912.7	2,596.5
Interest Expense	(234.5)	(223.5)	(233.7)
Depreciation and amortization	348.1	323.6	299.4
Restructuring Charges	(15.1)	(20.7)	(27)
Unallocated corporate expense	(291.3)	(243.9)	(245.7)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	2,567.3	2,172.1	1,790.7
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	49.3	46.9	0
Insurance Recoveries	10	25	0
Acquisition inventory step-up	(6.4)	0.8	0
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount	(52.2)	0	0
Americas [Member]
Net revenues	13,832	12,640.8	10,957.1
Capital expenditures	217.2	230.5	148.7
Segment Adjusted EBITDA	2,669.6	2,326.3	2,008.8
Depreciation and amortization	259.2	256.9	227.6
EMEA [Member]
Net revenues	2,401.2	2,034.5	1,944.9
Capital expenditures	31.9	25.9	23.6
Segment Adjusted EBITDA	464.7	338.1	359.2
Depreciation and amortization	51.4	28.8	33.3
Asia Pacific [Member]
Net revenues	1,444.4	1,316.4	1,234.4
Capital expenditures	14.3	11.2	20.6
Segment Adjusted EBITDA	321.3	248.3	228.5
Depreciation and amortization	19.1	17.6	16.5
Operating Segments [Member]
Capital expenditures	263.4	267.6	192.9
Depreciation and amortization	329.7	303.3	277.4
Corporate, Non-Segment
Capital expenditures	37.3	24.2	30.1
Depreciation and amortization	$ (18.4)	$ (20.3)	$ (22)

Business Segment Information _2

Business Segment Information (Schedule of Revenues by Destination) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net revenues	$ 17,677.6	$ 15,991.7	$ 14,136.4
Long-Lived Assets	2,285.3	1,998.6
Revenue from External Customer [Line Items]
Long-Lived Assets	2,285.3	1,998.6
UnitedStates [Member]
Long-Lived Assets	1,618.6	1,413.8
Revenue from External Customer [Line Items]
Long-Lived Assets	1,618.6	1,413.8
Non-U.S. [Member]
Long-Lived Assets	666.7	584.8
Revenue from External Customer [Line Items]
Long-Lived Assets	$ 666.7	$ 584.8

Business Segment Information _3

Business Segment Information (Schedule of Long-Lived Asset by Geographic Area) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Long-Lived Assets	$ 2,285.3	$ 1,998.6
Revenue from External Customer [Line Items]
Long-Lived Assets	2,285.3	1,998.6
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	2,285.3	1,998.6
UNITED STATES
Long-Lived Assets	1,618.6	1,413.8
Revenue from External Customer [Line Items]
Long-Lived Assets	1,618.6	1,413.8
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	1,618.6	1,413.8
Non-U.S. [Member]
Long-Lived Assets	666.7	584.8
Revenue from External Customer [Line Items]
Long-Lived Assets	666.7	584.8
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 666.7	$ 584.8

Business Segment Information Re

Business Segment Information Revenue by major product/solution (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue from External Customer [Line Items]
Net revenues	$ 17,677.6	$ 15,991.7	$ 14,136.4

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions			6 Months Ended
	Mar. 02, 2022	Jun. 18, 2020	Jun. 17, 2020	Dec. 31, 2023	Dec. 31, 2022	Sep. 24, 2021
Extended Product Warranty Accrual, Current				$ 123.8	$ 110.5
Reserves for environmental matters				$ 47.5	$ 42.4
Maximum annual inflation rate			2.50%
Minimum annual inflation rate			1%
Percentage of non-malignant claims, minimum			73%
Deconsolidation, Gain (Loss), Amount		$ 24.9
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]				Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Qualified Settlement Fund						$ 270
QSF Funding	$ 270
Asbestos Issue [Member]
Liability from Deconsolidation		248.8				$ 270
Segment, Discontinued Operations [Member]
Reserves for environmental matters				$ 38.9	$ 36.5
Deconsolidation, Gain (Loss), Amount		25.8
QSF Funding	178.2
Continuing and Discontinued Operations [Member]
Cash Divested from Deconsolidation		41.7
Segment, Continuing Operations [Member]
Deconsolidation, Gain (Loss), Amount		0.9
Cash Divested from Deconsolidation		$ 10.8
QSF Funding	$ 91.8

Commitments and Contingencies S

Commitments and Contingencies Schedule of Asbestos Related Balances (Details) - USD ($) $ in Millions		12 Months Ended
	Sep. 24, 2021	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Aug. 26, 2021	Jun. 18, 2020
Accrued expenses and other current liabilities			$ 2,634.7	$ 2,006
Other noncurrent liabilities			1,042.9	1,154.2
Other current assets			665.7	384.8
Other noncurrent assets			1,214.7	1,398.6
Equity Securities without Readily Determinable Fair Value, Amount			$ 69.9	$ 121
Bankruptcy Claims, Amount Paid to Settle Claims					$ 545
Qualified Settlement Fund	$ 270
Charge to increase funding liability	21.2
Aldrich and Murray [Member]
Equity Securities without Readily Determinable Fair Value, Amount						$ 53.6
Segment, Continuing Operations [Member]
Charge to increase funding liability	7.2
Segment, Discontinued Operations [Member]
Charge to increase funding liability	14	$ 14
Cash and Cash Equivalents [Member]
Bankruptcy Claims, Amount Paid to Settle Claims					540
Commercial Paper [Member]
Bankruptcy Claims, Amount Paid to Settle Claims					$ 5
Asbestos Issue [Member]
Liability from Deconsolidation	$ 270					$ 248.8

Commitments and Contingencies_3

Commitments and Contingencies (Standard Product Warranty Liability) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance at beginning of period	$ 323.6	$ 296.2
Reductions for payments	146.5	127.3
Accruals for warranties issued during the current period	187	156.6
Changes to accruals related to preexisting warranties	9.1	1.2
Translation	0.7	(3.1)
Balance at end of period	373.9	323.6
Total current standard product warranty reserve	$ 157.6	$ 120.4

Commitments and Contingencies C

Commitments and Contingencies Commitments and Contingencies (Extended Product Warranty Liability) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Extended Product Warranty Accrual, Current	$ 123.8	$ 110.5
Extended Warranty [Member]
Balance at beginning of period	317.7	311.7
Amortization of deferred revenue for the period	(118.6)	(117.4)
Additions for extended warranties issued during the period	148.6	125.1
Changes to accruals related to preexisting warranties	0.9	0.3
Translation	0.8	(2)
Balance at end of period	349.4	317.7	$ 311.7
Extended warranty incurred costs	$ 54.3	$ 54.8	$ 58.5

Payables and Accruals (Details)

Payables and Accruals (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Supplier Finance Program, Obligation	$ 246	$ 247.2
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration]	Accounts Payable, Current	Accounts Payable, Current

Uncategorized Items - tt-202312

Label	Element	Value
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 3,289,900,000